Shall I choose a hot, neutral, or cold market for wholesaling? I'm sure some of you will say, "It doesn't matter; just get started." But, perhaps it does matter. I'm wondering what the veteran and/or active wholesalers have to say about this. All things being equal (which of course, they're not), which type of market is more productive?
If you're going to be wholesaling. Its best to be in a hot market I would think. While it may be harder for you to find some deals. Once you do, they'll be very easy to sell because there will be so many buyers.
It’s a reverse strategy. Seller’s “hot” Market = Finding the deal for many buyers . Buyer’s “cold” market = Finding the buyer for many deals.
So, perhaps the ideal market is a neutral market that offers both deals and buyers?
Both but the approach is different.
As a starter in this, my initial concern, especially since I'm working it virtually, is that I'm able to find deals without going deep into my pocket. After a deal, I'll be able to reinvest in marketing and get the ball rolling. So, because deals may be hard to come by, I'm thinking a cooler market instead of a warmer market will be better for all the things said so far. Thanks