TRUE or FALSE: Wholesaling is IMPOSSIBLE in New York City?

[Armando Ramirez]

Hello BP,

Consider this my second post ever on BP!

I am an associate broker with Exit Realty in Manhattan. My primary client acquisition strategy is cold calling fsbos. While I understand fsbos are also great leads for potential wholesale deals, it has been my experience that no seller in the five boroughs of New York would go into contract without seeing a proof of funds or financing.

I don't want to say it's because New Yorkers are too savvy (in a way I do!), more like leery of anyone saying they will sign a contract with NO DEPOSIT or a measly $1000 and then have another party actually buy the property. It will not happen in New York. 

Now I would love to hear stories of any New York City wholesalers, investors, agents, brokers that have wholesaled a condo, co-op, building, vacant lot....anything!

GO!