Virtual wholesaling in a small town

3 Replies

I have the opportunity to put a small portfolio of 7 units (a fourplex and 3 houses) under contract in a small town (Red Oak, IA) which is about 45 minutes outside of Omaha. I have no interest in holding these properties but I do think there is an opportunity to wholesale. Assuming this is a good deal, what would you do? 

That is a pretty small town, assuming it is a good deal which I'm not totally convinced that it is, you might put in some calls to the buyers or buyer's agents of other rental properties in the area or even ones that have recently been listed for rent.