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Updated almost 2 years ago,
Is wholesaling very near impossible?
I am a full time property and construction manager but I've done some side experimentation with wholesaling for the past almost 4 years.
I've tried contacting off market owners via cold call, email, text and some in person referrals. Some of these have been successful in negotiating a price and could/would have gotten under contract BUT
I have literally not had one single interested buyer in the hundreds of properties I've tried to market, that came from either other wholesalers or direct from the owner.
I market to:
- 100s of the top investors in my area (Philadelphia)
- 10s of the top wholesalers in my area
Via text, email, Facebook and Google groups, in person REIA deal nights
The prices seem like reasonable starting points and they match similarly marketed properties.
I have tried a good mix of land, single family and multifamily
And not one single showing or even a lowball offer, ever, in all these years.
Is it really THIS hard?
Are my prices so God awful that no one dares try to negotiate?
Are these methods the wrong way to get the attention of owners and buyers?