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Updated over 4 years ago on . Most recent reply

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Wilson Rosario
  • Flipper/Rehabber
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Wholesaling out of town!

Wilson Rosario
  • Flipper/Rehabber
Posted

Hello, I am new to Bigger Pockets, and I have a question regarding wholesaling out of state. I currently live in Anchorage, Alaska and after doing research I'm having a hard time finding decent deals to be able to wholesale to potential buyers. Just by the simple fact that there are not as many houses up here to flip as there would be in the lower 48. I've been looking at a few states to hopefully wholesale like Arizona and maybe Texas. My questions is, Is it a problem to wholesale from a whole different state? 

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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
7,603
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Jonathan Greene
#5 Starting Out Contributor
  • Real Estate Consultant
  • Mendham, NJ
Replied

Do people do it? Yes. Is it rife with every problem you could ever imagine? Yes. What's your plan for due diligence on the properties? How are you going to build your team in the market? What data are you going to access for ARV? How are you going to be sure about the repairs? Why would they sell to you in Anchorage if you are never going to see the property? What's your pitch as a wholesaler from Anchorage as to why you want to buy their home in their market, or not even buy their home, but write a contract on it and then sell that contract to someone else? Wholesaling is hard enough, doing it from another market, if you are new, will not go well most likely.

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