Help, interested in wholesaling.

[Cathy Seraphin]

Hey BP folks!

My name is Cathy Seraphin. Moved to the Triangle one year ago and am finally feeling stable enough to fully dive into real estate. I've purchased several books and have been listening to the podcast. I haven't (yet) found an investor community to help sort the influx of information in my head. I am interested in wholesaling to start with hopes to transition into multifamily units. 

Any advice? Recommendations? 

[Kit Serrell]

Hi Cathy, I just messaged you. I am an investor in Raleigh with multiple units and i just started 2-3 years ago. Happy to connect and share what worked best for me. In my opinion, wholesaling in Raleigh is nearly impossible unless you have an expansive network and/or experience. The market is still very hot so you would have a very difficult time finding sellers who are willing to sell you units at below market value when they can still easily get top-dollar. Additionally, there are very, very few multifamily properties that are available in the Triangle as multifam construction (2-4 units) is not nearly as common as other cities. The multifamily units I have personally looked at have been in less desirable areas and are in very rough shape. You would likely be better off choosing a different market or sticking to single family units in the Triangle.