All Forum Posts by: Monique Booker

@James Wise

Sounds like there's a whole lot wholesaling in your market and you feel that wholesalers are stealing good deals from you.

Thanks for your 2 cents though!

@James Wise

Thanks for your reply. The first guy I mentioned who is being offered 1.4 Mil. The home and the land it is sitting on aren't worth that much. Developers are offering him that much to be able to tear it down and build a new building. Check out the property yourself: 5417 2nd ave, Brooklyn NY.

I know that there are negative options about wholesaling, and that there are legal arguments for or against it. And I don't believe that only gurus selling products are making money wholesaling.

@Zackarias Aitchison

Thank you! I will look into tear downs and turn key properties.

With targeting specific counties that have lower priced homes but are surrounded by high value areas- I feel like I need to target specific zip codes or neighborhoods in NYC. Kings county is HUGE.

@George Blower Thank you!

Hello everyone,

Since February, I've been reading and watching a ton about wholesaling, and last month I decided to take the leap. I feel like I understand the basics, but I don't want to get "analysis paralysis"- so I've been out there W4$ (walking for dollars lol), dropping off letters to specific address I've had on my list, and other places I've seen along the way.

Keep in mind that haven't pulled lists from Listsource or REIpro. Basically I was looking at the Lis Pendens maps for NYC on Propertyshark.com, as well as the tax lien list on the NYC gov website. I would look up the addresses on Google maps, the county gis, and Zillow to decide if I want to drop off a letter and call them.

I've cold called only 3 people so far... 2 of them I spoke to:

1. Said im #40 on his list and that the highest offer on his property is 1.4 Million.

2. He is one of my tax clients. During our session, he told me that he wants to pack up and run and go back to Panama, but when i followed up with him about when he'd like to sell/move, he doesn't seem so eager. He also seems confident his property is worth 1.45 Million but I don't think so.

And I know- calling only 3 people in a month is pathetic and I need to call way more people.

The other day I ordered business cards and bandit stickers. I don't know if it would be worth it post the stickers in NYC.

I honestly feel overwhelmed, and I don't think NYC is the right market for me- hence why I feel like I need to check out Connecticut and New Jersey.

I don't have a car, and I feel like my current work schedule makes it hard me to get out there to these areas.

I am also overwhelmed with the various areas to focus on, and types leads (probate, lis pendens, vacant, divorce, tax lien, tax deed, water bill, etc).

•Is Wholesaling in NYC a waste of time? What about Long Island?

•Should I focus on 1 specific county in one specific state?

•Should I also focus on just one type of list?

•Where should I start? Should I just focus on analyzing potential deals first? Help!