Anyone familiar with the term "wholesale comp?"

[Lindsey Johnson]

Hey everyone,

Quick question. What is a "wholesale comp"? I understand what a comp is when looking at a retail ARV, but is a "wholesale comp" a property in similar condition that was a wholesale in its last sale? If so, how would you find these types of comps? Came across this term in some of my research. Curious if anyone has any insight.

Thanks!

[Bryant Brislin]

@Lindsey Johnson they probably just mean what have other properties sold for that were likely bought by an investor at a wholesale price. That's not always easy to find/figure out, especially if you are working a more core market like coastal California. But in the more "B" markets of Texas that I focus on, if we pull multiple sales in a market that is ripe with flipper activity, you can see the trend, as far as there will be many homes bought by private parties (normal buyers) at let's say $150,000, and then there were many bought by LLC's for 30-70k approx, and those, clearly, are the wholesale comps.