Do Good Wholesalers Exist?

[Thomas Garza]

I think this is less a real question, and more me venting, but do good wholesalers actually exist? I have money burning a whole in my pocket, and I can't find a single wholesaler who has deals anywhere close the right price. I have seen countless properties get picked up by wholesalers from the MLS, only to get put back on a week or two later because no one wants their trash deals.

The formula is simple: (ARV * 0.7) - Repairs. Not (Inflated ARV * 0.85) - Underestimated Repairs.

Does anyone have advice on how to find a GOOD wholesaler? 

[Jay Hinrichs]

Originally posted by @Mary M.:

I am not a wholesaler nor do I buy from them..... however, i wanted to point out that real estate is cyclical.... and many (most?) of the folks teaching how do do this or that in RE only have known post 2008 world where deals were everywhere and certain equations were reality. The thing is, 2008 and after were one offs.  Things have gone back to normal and there wont be those kinds of killer deals anymore. Or very very rarely. 

My suggestion: talk to those that were doing what you want to do pre 2008. Find out how they were able to make money. Because chasing after what was is only going to keep money in your pocket. Good luck!

YUP 70% ARV minus repairs is so 10 years ago.. its just not really possible to scale with those metrics if you are in a market with any type of competition.. that's why he is not finding any they don't really exist unless you spend the money to direct market yourself and go out on the lead appointments your self and close them yourself.