How Is Commercial Property Wholesaling?
Just curious, I am new and looking to start in wholesaling. The courses I am studying, don't talk much about it...but how is the wholesale market for commerical properties?
Should I stick to single famil homes & duplexes? I know there is so much more money in commercial property, but getting leads is probably much harder. Anyone know any successful commerical wholesalers?
JB
It is a tougher market because there are less buyers and the process takes longer. Also to secure your position you will need to put money down, usually a lot of money down. Commercial people are a different breed they know a lot of the tricks of the trade and therefore want to deal with peole that are going to buy, not broker. I have done it in the past, but it was definitely a lot more work. If you are serious set up your buyers first and then look for the properties for them, you will save a lot of time and headaches.
Good Luck,
Kyle