Are you wholesalers asking too much?

[Michelle Masters]

I'm seeing wholesalers here in AZ asking 80% ARV flat (no reduction for repairs). Even a light cleaning would take at least 1 month of holding + closing costs on both sides. Almost every "deal" that's hit my Inbox needed $45K to $60K in repairs. I've started asking myself, "Who's training these folks?!?!".

Anyone in the Phoenix area have similar experiences? What is everyone else seeing in your markets?

[Andrew Rodgers]

LIke @Will Barnard mentioned, a lot of wholesalers don't know how to property evaluate a rehab and are getting properties under contract way too high.

As a wholesaler myself, I really appreciate when a flipper spends the extra 5 minutes to build a relationship and educate me on why a deal does or doesn't work. It ends up being a win-win for both of us because now I can more accurately find deals that fit their buy box and for me I know I'll have a reliable buyer on my hands in the future to send deals to.

[Solicitation Removed by Moderators]