Denver Wholesaling v. Indiana Wholesaling

[Chris Gould]

I've been virtual wholesaling for about 5 years in Indiana. We're on track from somewhere between $900k - $1 mil in revenue for this year. But I've been living in Denver for the past year and my team is now all based out of Denver. I've been nervous to get into the Denver market because of higher competition but I feel like it's time to jump in. 

I'd like to connect with some local Denver wholesalers and investors as we start launching marketing in the new year. 

What's your experience been wholesaling in Denver and what do you see as the trends going in the winter months?

[Ben Rhodin]

Hey @Chris Gould! Id love to connect, I am always looking for wholesale deals here in Denver for my clients and myself. Never a bad time to jump in especially if you can do it while maintaining your work in Indiana.

As for your questions, the general market slows down during the winter, especially after November 1st. We will of course see what happens this year, as we have seen a bit of a slow down, but due to everything else, it is still pretty competitive. Investors are of course always looking, and a less competitive market, of course, brings better deals. Especially if it is fixer-uppers that they can renovate and have ready for springtime, you should be set solid.

[Matt M.]

Wholesaling has been rough since covid and the inventory issues. It's starting to show some light though. I've been picking up some decent projects from my wholesalers. There is a mountain of competition spending 5 figures a month on marketing, but there is still opportunity if you can hustle. 

Zillow just stopped their ibuyer program, and the others may follow suit as it's a money pit. They are all pushing for market share and getting crushed by overpaying. They've taken a ton of deals from investors. I'm a buyer for when you get rolling. Also, please use the DORA forms. They are free!