Wholsalers- Any experiences?

[thepower]

Was wondering if anyone has had any experiences they would care to share with the numorous wholesalers around the Atlanta area?

Thanks

[thepower]

Anyone? Cereniti guys, care to share?

[brianb_cobbres]

I get emails from wholesalers all the time and they are all basically the same

Overstated ARV
Understated rehab costs
Their math/profit does not take into consideration any carrying costs
Work required to meet projected ARV is extreme
Most concentrate on Atlanta proper

Maybe it is just the ones I have been in contact with.

[Peach State Property Buyers]

I have to disagree. We have bought at least 7 houses from wholesalers and done very well on each. Just do your homework.

[brianb_cobbres]

That is why I said "Maybe it is just the ones I have been in contact with."

[Judd]

Edited

[brianb_cobbres]

Here is one for you Judd


7200 Riverside Drive

Atlanta, Ga. 30328

PRESTIGIOUS - Sandy Springs/Riverside Community

(Price 399K - Comparables 1.8M)

Raw Land! Just under one acre lot in exclusive neighborhood!
Every newly constructed home sells start at 1.1M to well over 5M.
Impossible to find raw land under 600K.
Know of someone who wants to live here? Bring them! We will build your client a custom home and pay you a hefty referral fee.

Attached Files:
Ideal New Construction for this lot/FMLS Comparables/GAMLS Comparables

The Stats:
Price: 399K
New Construction - 500K (View idea of home in attached architectural drawing)
ARV: 1.2M – 1.8M (Depending on finishing touches)
Earnest Money: 5K

7200 Riverside Drive

Atlanta, Ga. 30328

PRESTIGIOUS - Sandy Springs/Riverside Community

(Price 399K - Comparables 1.8M)

[thepower]

A couple of the ones i checked out like goldmine properties and visionarypropertygroup specialize in fulton/dekalb/clayton...Im sure there are good deals there, but ive been told by a cpl of lenders that there are a few zip codes in those counties that they wont touch under no circumstances..

[Judd]

Edited