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Updated almost 11 years ago on . Most recent reply

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Desmond Haylett
  • Springfield Gardens, NY
3
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How can i find out which niche to choose

Desmond Haylett
  • Springfield Gardens, NY
Posted

hi i am a new york city based beginner investor and i was trying to figure out how to choose the right niche in my market

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Interesting you choose wholesaling, why?

The reason you want to do RE is to make money, I'm sure.

I'd suggest you first learn what is actually RE, why it's valuable, what rights there are to obtain to profit from, how those rights are transferred, why they are marketable. Learn to read your market and understand what actually might be an opportunity which means being able to value property.

To wholesale you'll need those skills, it's not just following a few steps on any property. Follow systems without understanding the above areas, you will not be successful.

If you're good at these underlying functions, you won't need to wholesale, but you can. :)

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