Hello BP community,

I'm a newbie to Real estate investing. Long term I would like to invest in single and multi-family homes in Tri-Cities WA. As I am starting out funds are tight and from what I've read wholesaling is a good way to get experience and build capital. I've been reading a lot of BP posts on direct mail and wholesaling and both look like what I want to do. However I don't see much about wholesaling in Washington state. I'm hoping another WA wholesaler might be able to give me a little advice on getting started. Any advice at all is greatly appreciated.

Thank you for your time.

@Zeb Rodes You should check out BP episode 394 as the guests on that show were talking about what you are wanting to do and they are located in the Tri Cities.  While I have never personally done any wholesaling, I do know that it can be a lot work.  This is in no way to discourage you from going this route, just to make you aware so you can set your expectations.  There are a lot of threads on BP, books and podcasts from people who will walk you through the process, good & bad for wholesaling.  Even though it can be tough, there are a lot of people who are successfully investing this way.

Best of luck with all your investing.

John

@Zeb Rodes Think about working with a list broker to find off-market leads.You'll want to avoid the lists all the other investors in your area are targeting. For example, Absentee Owners get a lot of offers so it's hard to compete. 

Some new lists include Owners with Low Financial Stability Scores (FSS) and Seniors with Long-Time Ownership. These can be good because they probably haven't done much updating in a while so they wouldn't expect to get as much as their neighbors with the new kitchen or roof.

Good luck.

@John Barrett Thank you very much I will listen to the podcast.

@May Emery I will checkout both of these lists. I really appreciate you taking the time to help me.