Where did all the off market deals go?

[Jiri B.]

Ok, I'm talking about North Raleigh specifically. I get lots of off market deals for one or two hours drive out but nothing in good or desirable locations.

I see bunch of home owners selling directly to Open Door or such but I don't see any wholesalers getting those deals?

Is Open Door the new platforms for home owners to sell directly to? Is it because those locations prices are high and most sellers in those zip codes are too educated and informed to sell for a low enough price for wholesaler to make a profit?

I've been watching North Raleigh for a while but mostly seeing just MLS deals.

Are other investors seeing the same? I don't have enough time to knock on the doors or send 5k letters so im willing to pay for someone else to do that..

Are you having similar experience in more expensive neighborhoods?

[Andrew Kerr]

The good wholesalers who have been around for years have their relationships set. I noticed they don’t need to market for buyers anymore. They can move a good deal with hardly any work.

Or, the really good wholesalers transitioned into doing the best deals themselves.

As James Wise said, it’s not the way it was back in 2010.