Wholesaling Apartment Buildings & Commercial Properties

[Dennis Anderson]

Has Anyone Ever Wholesaled An Apartment Building Or Commercial Property. I'm Looking To Move Into This. If You Have, What Has Been You Experience? Thanks!

[Bill Gulley]

Dennis, I've never heard of such a thing as a business model.

Usually, to wholesale you need an inventory and most of the inventory can't be retailed for one reason or another, but there are unique circumstances.

This market is not only limited but owned and purchased by more sophisticated investors. While I understand that dealing in larger units there can be more profits and therefore less activity needed to make X dollars, but it seems pretty limited to me knowing the market in my area.

All apt. owners know each other, there is an apt. association, there are commercial Realtors that work this niche, so I really doubt that finding any deal will be a secret or unknown to other investors that a property might be for sale as they all talk to each other. There is somewhat of an underground line of communication and these units don't hit any MLS. My first thought is how do you break into this tight knit market and what expertise do you have?

Maybe there would be total rehab units available that no one wants and you could get a heck of a deal that you could flip, foreclosures will hit the market, so will BKs and estate sales.

To my knowledge you're the first to bring this up, similar questions have been raised about commercial. Commercial just isn't like residential. :)