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Updated about 9 years ago on . Most recent reply

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70
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3
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Edwin W.
  • Investor
  • Dallas
3
Votes |
70
Posts

Wholesaling to Large Private Developers Million Dollar Question

Edwin W.
  • Investor
  • Dallas
Posted

Has anyone or is it possible to wholesale industrial land/ warehouse to developers who will turn it into condo development and multifamily use in places like the Bay Area? 

Most Popular Reply

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4,365
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Manolo D.#3 Contractors Contributor
  • Contractor
  • Los Angeles, CA
1,249
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4,365
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Manolo D.#3 Contractors Contributor
  • Contractor
  • Los Angeles, CA
Replied

Jonathan Orr is correct, I jave a developer friend and he does not care where or who sells the land, he is only concern about the price, and if the seller knows the real and fair value of land. Most land owners arevery optimistic where they think developers make too much money, they aren't counting soft construction costs, which is a big ticket in CA. You'll need to learn about development and their steps so when you pitch, they'll know you know what your talking about and not just some random guy wasting their time.

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