Updated about 8 years ago on . Most recent reply
Is Wholesaling a good idea in Cleveland?
I'm everybody, I'm an investor looking to wholesale in Cleveland. Assuming I can find deals, is there a lot of investors looking to buy discounted SFR's? What are the hot strategies? Fix & Flip, Buy and Hold, seller financing? It's so different from market to market. Thanks!
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Are there a lot of investors looking to buy discounted SFR's? Yes of course. Will they be likely buying them from a wholesaler? No, probably not. Reason being guys like me spend 6 figures a year marketing to the sellers. Thus insuring that those investors are buying them them from me instead.
Realtors have such a large advantage over the wholesalers. Outside of wholesaling actually being illegal brokerage activity it's just a poor mans business plan that doesn't work.