Prospecting = wholesaling?
Prospecting is lingo in some real estate circles for "marketing."
(The first mainstream/popular use I saw of it was in Robert Allen's 1980 book
Nothing Down, but if anyone knows of popular earlier use, feel free to chime in.)
Think: Where/how do you get your leads?
(A few examples off the top of my head: Yellow letters, probate or divorce lawyers, cold calls, driving for dollars, bandit signs, SEO marketing, networking, etc. etc.)
Wholesaling would be one disposition strategy (others could be hold and rent out, flipping, owner finance, etc. etc.). But "prospecting" is about the many ways to acquire a property, wholesaling would be about one particular way to dispose of it.
:)
Man, I sort of miss real estate. Being FIRE'd and traveling is great, but real estate is just
fun. I had fun just writing this post and reminiscing about different real estate strategies. Thanks for posting the thread, OP!