Wholesaling Apartment Buildings
Hi Everyone!,
Wanted to see if anyone is successfully wholesaling apartment buildings. Would love to discuss more about this. I think its a great strategy if you can implement it the right way. Interested in hearing more thoughts about it.
Most Popular Reply
I have done this and seen it done by others. But only opportunistically, not as a business.
A multifamily seller will want to see that the buyer has the financial ability to complete the purchase. Most wholesalers do not have that ability.
Also multis have a smaller buyer market and longer due diligence periods. So they're not as attractive to wholesalers.
Occasional opportunities come when a buyer genuinely intends to purchase a building but then changes strategy. Or where the building doesn't suit the buyer but the deal is so good that he can't pass it up. I've bought and sold from friends that way, but not on the open market.