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Updated almost 15 years ago on . Most recent reply

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AliYah Nicole
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Wholesaling Newbew from Dallas..

AliYah Nicole
Posted

hello All. I am currently going through a Wholesaling course and was wondering where the Low-priced market is here in the Dallas Metro area? I got a little bit of an Idea from a Realtor, but wanted to hear from a local investor who is currently doing this Now.
Thanks.
I have an Odd Question: Why is wholesaling hard? What is the hardest thing about Wholesaling?

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Steve M.
  • Realtor
  • Gallatin, TN
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Steve M.
  • Realtor
  • Gallatin, TN
Replied

Welcome Nicole,

I don't know the Dallas market by any stretch of the imagination and I really don't know wholesaling all that much either. But from the information I have taken from BP, I can help answer your questions.

1. Wholesaling isn't hard, but it isn't easy either. It takes LOT of time, to find incredible deals. If I, as an investor, can find the same deals a wholesaler can, in my opinion, the wholesaler isn't bringing anything new to the table. So why should I pay a fee to them when I can find the exact same deal with little or no effort on my part.

2. Probably forming a buyers list. A list of potential buyers that can move/close quickly, and you can count on. Also, developing relationships with REO Agents/Banks that can bring you REO's before they hit the MLS.

If you can find incredible deals, investors will flock to you, me even being one of them.

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