(Discussion) Wholesale stats in your market

[Paul Wakim]

I am hopeful that this is the best place to post these questions, I could not find the answers anywhere!

Some in this forum are successful wholesalers and others are aspiring and learning the ropes, it's likely we are all on someone's mailing list and have the greatest exposure to the nationwide wholesale market. 

So, simply out of curiosity, I would like to know:

1- How many "successful" wholesalers are in your area/ city (virtual and local)? On the low end, I'd define a "successful" wholesaler as someone doing more than 4 deals+ per year or 1 every quarter at a minimum.

2- How many wholesale deals would you estimate close each month in your market?

3- How many (total) off-market deals between a property owner and an investor do you believe take place in your market each month?

I'm simply curious and thought some others might find this interesting. Hopefully, we can compare markets and preceptions!

Here are my answers for the Pittsburgh Pa market:

1- 8

2- 65

3- 2000 - For this, I tried to do some calculations and guestimating. I know that roughly 15,000 residential properties sold on the market in 2019 in Allegheny count (Pittsburgh). I also know that roughly 20,000 total residential sales were recorded over the same time. This leaves roughly 5,000 "off-market" sales. I assume that wholesalers act on roughly 20% of the off-market sales. What do you think? Anyway, accounting for FSBO and other types of off-market transactions, I assume individual investor buyers account for a similar % of the off-market sales. By no means is this verifiably accurate, it is however my perception of my market. I'd like to know the same for you and your market!

Enjoy!