I noticed that there are a lot of wholesaling and direct mail success stories but i have yet to hear someone having success in NYC within 5 boroughs. I am fairly new to the wholesaling business and would love to hear some of your stories.
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I agree I would love to hear more success in NYC
I don't wholesale but man it's gotta be tough within the 5 boroughs. That said, there has to be someone out there who's done it.
@Carl C. Anyone share a wholesaling success story in NYC or the 5 boroughs yet?
@William Bonati Nothing that I've heard of yet, doesn't mean it hasn't happened. There's a BP meetup next week in Manhattan that I'll be attending. Might be a good opportunity to see if anyone has heard of successful wholesalers in the 5 boroughs.
I rarely hear of REI success in NYC, SF, or LA. It's so expensive to invest in those areas, that getting downpayments and cashflowing just doesn't work. You can invest out of state, but locally it's going to be an uphill battle. Most of the people on BP who have built $10k per month in passive income from rentals, are in cheaper areas where they can buy houses for $60k-$120k and cashflow $200 a door per month.
@Carl C. Let us know if you hear anything at the meet up next week.
I'll be in Florida for with my Note Mastermind group otherwise I'd go.
@Carl C. where/when is the meetup? I am going to one in the Bronx on Thursday.
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