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Updated over 2 years ago on . Most recent reply
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New to Wholesaling in a saturated market -- Help!
Hello everyone!
So I am new to Wholesaling and I think I am getting in my head too much about it. I am currently living in a neighborhood that is gentrifying at an incredible rate. I live in Fishtown (zip code 19122), and I was wondering if anyone has any tips or advice on how to possibly "scoop up" or appeal to those who still are in this area and could be a potential investment opportunity. But how can I do that in a saturated neighborhood?
Thank you in advance!
Most Popular Reply
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@Chanelle Henry - welcome to real estate!
Step 1: Leave the mindset behind of "this is saturated." Any industry is saturated if you look at it – hundreds of thousands of people got into real estate, stocks, sports, teaching, investing, crypto, writing books, etc, before you did. That doesn't mean the opportunity is closed for everyone else.
Step 2: Get good. Really good. The market may be saturated with a lot of wholesalers, realtors, investors, etc, but a lot of them suck. Focus on doing what you do well consistently, provide excellent service and become a trusted resource to people – not just a spammy wholesaler like 99% of others out there.
Don't give up before you start.