BiggerPockets

I've never done out of state wholesaling, but I have done one successful "virtual" wholesale. I really did it just to see if it could work.

I didn't use anyone's plan, just kind of used good ole common sense.

If you know how to wholesale generally, you can apply the same principle's, except you do everything online or on the phone.

Andrew - Are you associated with Cris or Chris in any way?

I've thought about this as well. Going out of state certainly opens up many more possibilities, but I was considering giving it a try for properties just out of the region to cut down on fuel costs and to maximize time. With that being said, I've never bought a property in my life, so what do I know?

My idea though was to try to hire someone in the area from Craigslist to go by the property and take as many pictures as possible, giving me a view of every angle and issue that I would want to see, and making an offer based on that. If it sounds like a good deal, and I could pay someone $50 +/- for an hour or so of their time, that might not be a bad idea.

Or maybe it would. Just a thought I've had.

Brandon-

Are you wholesaling out of state?

Hi All

Dear Jeff Z from where you have listened about the Larry Goins Please let me know. If you have any further information about him. It will benifical to talk him and gain tip from her about the way he's doing business.

I have Larry Goins' course and, frankly, I don't think it fits the definition of "virtual" accurately. When he talked about bandit signs, bird dogs and small ads in free newspapers, I zoned out. That isn't at all what I want to do.

I think Duncan Wierman is the one who has it all clicked out. Google it.

Moderator: No, I have no affiliation with Dundan Wierman except I bought his system and I don't need to buy another. Of the three most visible virtual wholesale instructors out there, I think Duncan Wierman's system is cutting edge.

Anyone know how much Duncan Wierman course costs? I went on his website to check but in order to view the content I had to provide an email address. I didnt feel like giving up my email address just to find out. I already have to many Guru's sending me hype email

I'm not "advocating" anything; merely posted my opinion that of the three most visible VW gurus, I compared and contrasted the top three and it appears to me that Duncan Wierman's is the most comprehensive. That much I can figure out without having any actual experience with results.

I'm building his system now; about half way through the steps.

How did you figure it--that is, virtual wholesaling--all out? I can barely digest it all. I take a course on Web 2.0 at the Apple Store whenever they have one.

To reiterate my earlier post, I haven't closed on anything yet. I do take pretty quick action, once I have a little knowledge. A lot of people think they need to spend thousands of dollars for training and must get everything perfectly planned before they take action.

Wholesaling is simple. Here are the steps (locally):
- Do marketing to find a motivated seller
- Get a property under contract
- Market the property to find a buyer (this includes me taking pictures/videos of the property)
- Assign the contract to the buyer
- Close
- Get paid :lol:

For virtual deals, most everything else is the same except I'm not the one taking picture/videos. I will copy what exists on the Internet or get pictures from the seller. As for showing the property, either they have a property manager or they are living there or have someone else to show the property. :cool: