Wholesaling in Las Vegas
I am interested in wholesaling within the Las Vegas area, and I'm sure plenty of investors would love to see some competitive deals- wish me luck. I do have some questions so maybe someone can chime in and help..
What type of inspection periods? 14/30 day?
What properties are NOT good for wholesaling (considering there is a motivated seller)? EX: HUD, REO, something on the MLS..
Possible threats to me the wholesaler? EX: investor cancels on day of closing.
Would a title search be needed to ensure that the property is a prime property for wholesaling?
Also best source of education for wholesaling..
Most Popular Reply
@Jay Hinrichs.....I've done it multiple time here in Vegas...so have other wholesalers in town.
Also it appears the folks BP didn't like my post. so here it is again with the "bad" parts:
Hi @Justin Sellers...welcome to the investing game. There are plenty of other opinions based on experience but here are my answers to your questions:
- 14 day inspection
- You can wholesale almost any property...but in Vegas focus on off market properties.
- Spend no more than $100 on earnest money; always have a contract; don't put yourself in the middle of a daisy chain.
- Once you open escrow, the title company will do the title search.
- There are so many sources of education but the best thing to do is to connect with your local investor network at the investor meetups and/or meetings to get to know who is doing what in town.