HNew to wholeselling haven’t had first deal any recommendations

Seattle, WA (seattle wa) · Member since 2018 · 3 posts · 0 votes

I’ve been in this for about 3 months I’ve talked to people, done driving for dollars, posted flyers in stores, partnered up with 2 real estate agents have a facsbook business page and no deal yet, any recommendations ?

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Jay HinrichsBusiness Member

Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes

pretty tough on the west coast.. I suspect if you put the time and energy into building a real estate sales career that might be more fruitful.. especially in Seattle were the price points are so high.. and its something if you get good at you can do for a lifetime.. and make some darn good money along the way..

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Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
8y
pretty tough on the west coast.. I suspect if you put the time and energy into building a real estate sales career that might be more fruitful.. especially in Seattle were the price points are so high.. and its something if you get good at you can do for a lifetime.. and make some darn good money along the way..
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Nick Basye
Reno, NV · Member since 2016 · 58 posts · 26 votes
8y
Consistency with the marketing is typically the game, keeping your name out there and having people know what you do, services you can provide and problems you can solve etc. But like Jay said it can basically be a challenge on the west coast. People are always in different circumstances with regard to life or financial difficulties, deals will pop up, you just have to stick to it longer than the others. Doesn't hurt to think outside the box and get wildly creative with the Internet and various other social platforms.
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Patrick Britton
Ann Arbor, MI · Member since 2014 · 1k+ posts · 997 votes
8y
@Vanessa Cervantes sorry to tell you this but the music has stopped. Wholesaling had been a fantastic strategy in this area of the world but not since 2017, perhaps even 2016. 2018 is nearly over and i know wholesalers spending tens of thousands a month and they are barely finding anything, and even if they do most of the time it's not a deal. These are a people who've been doing it since it really worked, back in a buyer's market (2008 - 2014).
I recently spoke with a potential seller and he told me he receives between 2 - 3 yellow letters (or similar) each week from different people wanting to buy his house. This has empowered him to demand well above fair market price and send each yellow letter direct to recycling.
Quite frankly, I would try to find the "next" wholesaling strategy, whatever that might be. LOL, maybe that could mean reverse wholesaling...where instead of finding desperate sellers, you find desperate buyers, and line them up with sellers. yes, that's sort of what a realtor does, but so is "regular" wholesaling.
Or perhaps it's something entirely different. wholesaling was so good for so long because there was a true and honest need for it. Sellers were desperate to sell and wholesalers offered a service to fill that need. Ask yourself now, what do people need? What do they desperately need?
If you're able to answer that, you should be on to something quite good. Instead of spending time and energy on wholesaling, i would look for the next "wholesaling."
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Vanessa Cervantes
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Seattle, WA (seattle wa) · Member since 2018 · 3 posts · 0 votes
8y
@Jay Hinrichs thanks!
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Vanessa Cervantes
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Seattle, WA (seattle wa) · Member since 2018 · 3 posts · 0 votes
8y
@Patrick Britton thank you great advice !
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