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Updated about 12 years ago on . Most recent reply

User Stats

11
Posts
6
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David Dam
  • Real Estate Investor
  • New York, NY
6
Votes |
11
Posts

Wholesaling in expensive cities?

David Dam
  • Real Estate Investor
  • New York, NY
Posted

Hello all wholesalers,

I'm want to dive into wholesaling to get familiar with finding deals on my own. Then progressively move into flipping homes and buy and holds. But I live in Vancouver, British Columbia, which is an expensive city.

So my question is wholesaling more difficult in a city where real estate prices are higher cause deals are harder to find? or doesn't matter and motivated sellers will sell at a discount??

Thanks to all contributers!

Most Popular Reply

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2,770
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3,667
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
3,667
Votes |
2,770
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Aaron Mazzrillo
  • Investor
  • Riverside, CA
Replied

Doesn't matter the price range. 2 of my friends just did a $59M wholesale deal in NYC. They put a building and surrounding air rights under contract for $49M and wholesaled it to a developer for $59M. Don't let price scare you.

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