Does anyone wholesale real estate in the Northeast?

[UncleTomFord15]

Been looking up wholesaling, and it seems like the least riskiest type of real estate if you have low capital. Im in Brooklyn but the laws in NYS makes wholesaling alot harder than in other places like Ohio or something. Does anyone have experience wholesaling in like in Pennsylvania or northern Delware, NJ or Connecticut? Would be willing to drive the 2 hours there if the laws are more lax than in NYC.

 

[No Homo]

NJ(Newark, Oranges) or Philly is your best bet...Brooklyn damn near impossible...not saying you cant but its easier in those other markets.

 

[UncleTomFord15]

NJ(Newark, Oranges) or Philly is your best bet...Brooklyn damn near impossible...not saying you cant but its easier in those other markets.

Good looks, are there any specific laws I should be aware of in those places?

 

[MR. SNIFLES]

ALWAYS BEEN CURIOUS ABOUT WHOLESALING BUT I HAVE NO IDEA HOW IT WORKS.

 

[Pistolvania Prince]

Pmo when u find out. I’m in Allentown (PA) probably one of the most lucrative markets on the Northeast right now. Cap rates are 8-12%

 

[UpAndComing]

I don't like Wholesaling because you only get a small cut of the true profits

But it's great for people just getting started. It's better to do it for 2 years max

But hey, some people are absolute pros at it, so I won't throw salt in their game

 

[No Homo]

Good looks, are there any specific laws I should be aware of in those places?

No laws really..just make sure your docs are straight and you get with a good title company.

 

[feelosofer]

I've bought and sold a few plots in Essex County, NJ but I think investing in occupancy units has better returns, long term, imo.

 

[bnew]

I've bought and sold a few plots in Essex County, NJ but I think investing in occupancy units has better returns, long term, imo.

how much do the plots typically cost?

do you need to finance the purchase or buy all cash?

how long does it take you to sell a plot?

what returns can you get on these deals?

 

[UncleTomFord15]

Bump

 

[Hawaiian Punch]

Webinar Registration Page

I always see this advertised.

 

[UpAndComing]

Webinar Registration Page

I always see this advertised.

Wait, that's the same guy that beefed with Jay Morrison

 

[Hawaiian Punch]

Wait, that's the same guy that beefed with Jay Morrison

yeah and meek mill fukked his girl.



23:30

 

[J Money]

I dont quite understand the point of wholesaling. What I mean is, surely you don't even need the middle man in this instance? Why wouldn't the buyer and seller just make contact directly?

 

[⠀X ⠀]

I dont quite understand the point of wholesaling. What I mean is, surely you don't even need the middle man in this instance? Why wouldn't the buyer and seller just make contact directly?

because the buyer and seller don’t know each other. Think of it like you’re getting a finder’s fee for bringing the two parties together to make a deal.