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Updated over 9 years ago,
Hello from pottstown,pa.
Greetings everyone on bp. Im a new investor from the suburbs of philadelphia. I have recently made my first purchase of a multi-unit property in the pottstown area with little real estate knowledge. While researching information on how to flip properties i ran across bp and the wealth of information provided.
After going to a few local real estate meetings and browsing bp i have now decided to get into wholesaling. Wholesaling is a whole other side that i had no idea existed. I figure my skill set would better suit me for wholesaling as opposes to flipping.
Currently in my area i dont believe there to be many wholesalers due to the fact that the real estate market is still doing poorly in pottstown. High property taxes, bad crime rate in certain areas, and declined housing prices. I was wonwondering if it would be a good area for a novice wholesaler to begin in.
I have 50k in savings and a budget of disposable income of $1500 per month.
I figured that since im very familiar with the city and know the good and bad areas and if i do run into a good deal it shouldn't be hard to find an investor.
So bp. What is your thoughts on wholesaling in this market for a beginner.