Is Massachusetts a good market for wholesaling?

Question

Hello,

I'm new to wholesaling and the real estate market and will like to know if anyone have any resources or advice for wholesaling in Massachusetts.

Thanks in advance 😁

Michael Timson · Answer

@Desha Charles I am a new wholesaler in Massachusetts as well and I think the biggest challenge to wholesaling here is that the market is expensive. For that reason, you need to pick your market with some thought. Western mass is cheaper and there is opportunity for growth there with people fleeing the higher priced markets in Eastern Mass. However, I am starting out in the Cape because I know cash buyers there. The Cape is challenging because property values are so high, but I view that as an opportunity since many will avoid the area due to the high prices. Wherever you pick, you need to dive into that market and learn everything you can about the area: What drives property values? What are the zoning laws? Who are investors operating in the area?

Another thing to keep in mind is that you need to provide value to both the cash buyer and the property owner. The price that works for the investor needs to help the homeowner who is selling the property. Wholesaling is a niche solution for property owners with specific needs that prevent them from selling traditionally. If the price that makes the property a good deal does not work for the homeowner or they would be better served by a real estate agent, refer them to someone who will provide the most value to them.

Good luck and feel free to reach out if you have any questions!

Desha Charles · Answer

@Filipe Pereira thank you for your insight! I am staying realistic about things and know there is no overnight success or magic formula. I'm trying to learn as much as I can and build my network. I also know MA is an expensive R.E. market, so I'm debating whether or not to stay local or get creative in other places.

Desha Charles · Answer

@Carol Zeroual Thank you!

Carol Zeroual · Answer

What is your budget for marketing? What areas are you looking in?  There are some great sources out there, many on youtube. I am currently attending Chris Jefferson's Charged Up U. Chris is very genuine and down to earth. He has an initial fee, then it is $97 a month. He is very involved and really helps the U Fam (his students) There is also a step by step guide in the student library area. He really wants us to succeed. It is a really awesome program. No need to pay a guru a ton of money. Feel free to pm me!

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Syed Khan · Answer

@Michael Timson

PM me let’s connect. We run a wholesale mastermind group and we meet every Monday from 5-6 pm for accountability and cold calling. 5-6 pm is discussing/analyzing deals and then 6-8 pm is dialing. It’s a great way to learn from each other and sell deals to the buyers on the group. The best part is it’s completely free.

Michael Timson · Answer

@Pablo Ottenwalder Jr. thanks for reaching out, I would love to connect! I am actually planning on getting into the northern Worcester County market soon.

Desha Charles · Answer

@Pablo Ottenwalder Jr. Nice to meet you and thank you! I will be happy to connect with you and hopefully work together.

Pablo Ottenwalder Jr. · Answer

@Desha Charles @Michael Timson Im a local Wholeseller/flipper in Western Mass but I would like to start doing deals in Eastern Mass. I lived in the North Shore for a couple years so I'm familiar with the market. If you guys need any help feel free to reach out to me. I would also start watching Max Maxwell on YouTube he's a great resource on how to do this business but be careful with people selling you courses.

Desha Charles · Answer

@Michael Timson great information here! Yes, the market here is expensive, which I am nervous about, but you have given me some good tips that I will utilize. Thank you.

Filipe Pereira · Answer

@Desha Charles I'd argue that any market is a good market for wholesaling. Something is always selling cheaper than the average, you just have to find where that something is.

I think you want to know if it is easy in MA - which I don't have an answer for, but I do know that generally wholesaling is not something that you find success in overnight. It takes time, systems, trial and error and persistence. Multiple touches is what's needed here, with the exception to the lucky break here and there.

Is Massachusetts a good market for wholesaling?

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