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Updated over 5 years ago on . Most recent reply

User Stats

63
Posts
16
Votes
Matthew Sullivan
  • Real Estate Agent
  • West Islip, NY
16
Votes |
63
Posts

What types of house to target as a new wholesaler?

Matthew Sullivan
  • Real Estate Agent
  • West Islip, NY
Posted

Hey guys!

Hope everyone is having a great start to the new year. So I just started to get in to the wholesaling side of real estate and I am looking for guidance. I've been told that using the MLS to try to get houses at a discount is tough becuase many good deals won't be on MLS at all or for very long. I've mainly been focusing on REO and short sales listing which seem to be duds. Should I go after non-reo and short sales and see if my wholesale formula for cash offer will work? I've spoken to a few other wholesalers in the field and seem to get mixed messages. What do you recommend I work on first and what type of house? Should I target pre-foreclosures and call the owners and explain what I do?

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