How is this a deal on craigslist?

Question

Fort Worth, Texas, 76104 
New Fort Worth Wholesale Deal

Asking Price: $18,000
ARV: $54,900
Repairs: $44,520

3 Beds | 
2 Baths
Living 1,693 SqFt
 | Lot 6,435 SqFt

ARV = $54,900 
Repairs = $44,520 
Price = $18,000

How could this possibly be a deal?

Carolina E. · Answer

Why would anyone want to sign up to get on his list if these are his "deals"?  Unless it is like Randy F. said, it might be after repairs. Maybe just poor advertising.

David A. · Answer

His prices aren't too enticing. I don't know why anyone would want to receive junk deals.

Shawn Thom · Answer

High probability this ad is just to get you to sign up for his buyers list.

If you notice the ad, its says for other deals like this go to his website and sign up.

Randy F. · Answer

Maybe by "repairs" they meant "after repairs"?

Account Closed · Answer

haha.. if these types of "deals" or post are commonly found on CL, it may b an indicator that this method of advertising is more a deal for the poster than a deal for the buyer.

however, I'm always amazed at some of the most obvious things not to do are taken up by others...orrr maybe the poster is playing the odds/numbers game?

:) it's certainly a deal in bizzaro world.

Steve Babiak · Answer

But its numbers are EVEN WORSE than retail!

David A. · Answer

Most of these "wholesale" deals on craigslist are too funny. Its not wholesale if it is retail.

Jon Klaus · Answer

The numbers say it is not a deal.

Maybe the seller is thinking he will net a landlord that will put $15K into repairs and then rent it out in sub par shape.