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Wholesaling
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Updated over 8 years ago on . Most recent reply

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Edward Opong
  • Rosedale, NY
1
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wholesaling apartments

Edward Opong
  • Rosedale, NY
Posted

I am beginning to wholesale apartment building and i am nervous about this process. I would like to know is their anybody who wholesales apartments and how did they get started? Also I am kinda confused about finding your first property to wholesale. Where do you find it know it says you can go to loopnet but most of the people their are brokers. 

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Percy N.
  • Developer
  • Philadelphia, PA
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Percy N.
  • Developer
  • Philadelphia, PA
Replied

@Edward Opong , apartment owners are typically more savvy investors than the typical SFR seller. Chances are they would want to see your ability to perform before locking up the property under contract.

However, if you are part of a group who has a track record or can convince the owner to give you a shot or try to buy from someone who has inherited the property, they are be more open.

A listing agent will want to make sure you can close.

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