In my hustle for closing deals, I have noticed that there are a ton of wholesalers with a lot of inventory that hasn’t been moved in weeks; some have extended to months. I have spoken with 3 wholesalers today and each one has over 60% of their inventory still on hand from 75 days ago. (By the way, is 75 days a long time or a short time to hold property as a wholesaler?) Then, I have 5 buyers all demanding that I lock up the property at no more than 60-65% of ARV. And, that sticks me with making only lowball offers; not including my fees. (By the way, is 60%<ARV a lowball offer?) Speak to me family, and help me out here...
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Which market are you operating in?
Which market are you operating in?
In my hustle for closing deals, I have noticed that there are a ton of wholesalers with a lot of inventory that hasn’t been moved in weeks; some have extended to months. I have spoken with 3 wholesalers today and each one has over 60% of their inventory still on hand from 75 days ago. (By the way, is 75 days a long time or a short time to hold property as a wholesaler?) Then, I have 5 buyers all demanding that I lock up the property at no more than 60-65% of ARV. And, that sticks me with making only lowball offers; not including my fees. (By the way, is 60%<ARV a lowball offer?) Speak to me family, and help me out here...
As a wholesaler I always thought we operated in the midst of both sellers and buyers. Am I wrong?
Just to clarify, I meant which specific area in the United States you operate in. That’ll help us better understand your situation.
Illinois and Indiana
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