Does a local wholesaler with ground access beat my remote spread on the same deal
Running the numbers on a specific file right now. Memphis, 38114. arv sits at $187k, my remote contract is at $71k, assignment fee I'm trying to pull is $14k, so end buyer gets it at $85k. Repair estimate from photos and a video walkthrough my guy did is $38k, which puts the end buyer at $123k all in, $64k under arv. That spread works on paper. But I'm talking to a local wholesaler who says he can get the same seller to $68k because he sat in the living room with her, and he's already got a cash buyer at $90k who trusts him from three prior deals. So he closes faster, collects $22k, and his buyer is in at $90k with the same $38k in repairs, $128k all in. His buyer pays more. His fee is bigger. His deal closes in 9 days, mine is on day 22 of a 30-day window with the end buyer still negotiating. I think remote works when I'm the only one looking at a zip code. When a local operator is on the same file with a warm buyer relationship I'm already behind before I pick up the phone.