Off Market / Wholesale Deals

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Off Market / Wholesale Deals

Patrick KrawczykowskiPro Member
Investor · Chicago IL · Member since 2026 · 38 posts · 38 votes

Hey all, we're starting to work on revamping and updating the community listings marketplace to an off market & wholesaler listing marketplace, and we want to make sure we're surfacing information that matters to investors.

What's the one piece of info you'd like to see on an off market deal to follow up on it? I'd like BP to do some of the work up front and not just regurgitate the info the lister gave us so I'm thinking things like running our calculator analysis and some kind of ARV estimate based on comps. Does that resonate? Is there something else that makes more sense?

Let us know,

Patrick Krawczykowski / Head of Product

Attached is a very rough idea of how the card might start to show up on the feed we've created on the native experience (which we're working to bring to the web to replace the activity feed in your network area).

BiggerPockets
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James JonesPro Member
Investor · Collierville, TN 38017 · Member since 2017 · 734 posts · 543 votes
23h

For me it is beds, baths, and real rent, in that order, before ARV. I buy single-family in Memphis, 3BR+ preferred, purchase under $100K, and the house lives or dies on whether rent clears the 1% rule — Section 8 at $1,395 to $1,950 for 3BR+ in my ZIPs. An ARV estimate based on comps helps, but I can pull comps in minutes in ZIPs I know. What I cannot fix is a 2BR priced like a 3BR, or a rent number with no source. Give me address and ZIP, beds and baths, square footage, current or projected rent with the source, all-in price including assignment, and a rehab estimate. With those I can say yes or no in one pass. Without them the listing is a maybe, and maybes do not get followed up.

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  • Jorge Guerrero
    Mexico City · Member since 2026 · 11 posts · 4 votes
    1d

    If I had to pick one thing, it would be the all-in price (contract price plus the assignment fee) shown next to a documented after-repair value or stabilized rent, with the comps behind it. With those two numbers I can run a quick underwrite and decide in minutes whether the deal is worth a call. Next in line would be the deal status: is it already under contract, and what’s the closing timeline? Listings that skip these usually get passed over.

    2Reply
    • Patrick KrawczykowskiPro Member
      OP
      Investor · Chicago IL · Member since 2026 · 38 posts · 38 votes
      17h

      Under contract / pending / available makes a lot of sense. Cheers on the thorough response!

      BiggerPockets
      0Reply
  • James JonesPro Member
    Investor · Collierville, TN 38017 · Member since 2017 · 734 posts · 543 votes
    23h

    For me it is beds, baths, and real rent, in that order, before ARV. I buy single-family in Memphis, 3BR+ preferred, purchase under $100K, and the house lives or dies on whether rent clears the 1% rule — Section 8 at $1,395 to $1,950 for 3BR+ in my ZIPs. An ARV estimate based on comps helps, but I can pull comps in minutes in ZIPs I know. What I cannot fix is a 2BR priced like a 3BR, or a rent number with no source. Give me address and ZIP, beds and baths, square footage, current or projected rent with the source, all-in price including assignment, and a rehab estimate. With those I can say yes or no in one pass. Without them the listing is a maybe, and maybes do not get followed up.

    3Reply
    • Jorge Guerrero
      Mexico City · Member since 2026 · 11 posts · 4 votes
      21h

      Thanks for sharing your criteria, James, that’s a very useful checklist. On the rent number, for your Memphis Section 8 deals do you check the payment standard for the ZIP directly, or do you rely on actual rent comps? I’d think a listing that shows both side by side would save a lot of time.

      0Reply
    • Patrick KrawczykowskiPro Member
      OP
      Investor · Chicago IL · Member since 2026 · 38 posts · 38 votes
      17h

      How do you pull comps today? What kind of stabilized rent estimate sources would you be looking for? Thanks for the thoughtful response James.

      BiggerPockets
      0Reply
  • John Leland
    Specialist · I give advice - [email protected] - I focus on states where investing is profitable, reasonably safe & secure · Member since 2026 · 94 posts · 24 votes
    19h
    Quote from @Patrick Krawczykowski:

    Hey all, we're starting to work on revamping and updating the community listings marketplace to an off market & wholesaler listing marketplace, and we want to make sure we're surfacing information that matters to investors.

    What's the one piece of info you'd like to see on an off market deal to follow up on it? I'd like BP to do some of the work up front and not just regurgitate the info the lister gave us so I'm thinking things like running our calculator analysis and some kind of ARV estimate based on comps. Does that resonate? Is there something else that makes more sense?

    Let us know,

    Patrick Krawczykowski / Head of Product

    Attached is a very rough idea of how the card might start to show up on the feed we've created on the native experience (which we're working to bring to the web to replace the activity feed in your network area).

    For it to have credibility, there would need to be a mechanism for Bigger Pockets to be certain that the person listing the property had the right to sell.

    I'm constantly seeing that some "wholesalers" are simply "chain listing" properties they have found elsewhere. If they find a buyer, they add on their fee and then attempt to negotiate a deal with the actual wholesaler or owner.

    I believe it is illegal to sell something you don't own or don't have the proof you have the right to sell.

    2Reply
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