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Updated about 13 years ago on . Most recent reply

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21
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0
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Jack Zuchars
  • Real Estate Investor
  • Brooklyn, NY
0
Votes |
21
Posts

NYC anyone?

Jack Zuchars
  • Real Estate Investor
  • Brooklyn, NY
Posted

I'm totally new to this but have been hooked to this and other sites and books. Already did a seminar and have been on the Internet everyday looking for deals. As I read posts on this site, I realize, maybe I AM in a difficult market since it's almost impossible to find motivated sellers (of any kind). Is that just my newbie instinct talking or NYC (Brooklyn/Manhattan) market is indeed tough to crack?
I'm surrounded with grossly overpriced properties sitting on the market of months but absolutely no price movement!! This is not supposed to happen!
Should I start looking in other areas ? Is it even possible to do deals in NYC ? Or you must have Trump as your last name to be able to do deals?
Any insights will be helpful. thanks

Most Popular Reply

User Stats

351
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33
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Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
33
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351
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Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
Replied

Hi Jack,

You can wholesale in NYC. You need to find motivated sellers. Sellers with inflated prices are not really motivated. Do a search on BP for "marketing" and "motivated sellers" and you will come up with a lot of posts to read! You can also check out some of the "gurus" courses on Wholesaling, which you can also get feedback on in BP. Personally I like Tim Mai, but again, check out the reviews on BP and see who you feel most comfortable with.

I started learning and doing wholesale deals late last year and have been focusing on Long Island. My company is now expanding into Brooklyn and Queens, and we just picked up 5 Brooklyn wholesale deals a couple of days ago.

So yes, it's totally possible! Don't give up, take action, and get out there!

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