Is it possible to do long distance "subject to" deals?
I have been reading a lot about "subject to" deals, and it seems like a good way to invest in real estate. I was thinking about ways I can come up with my own deals (without a wholesaler) and find motivated sellers to do "subject to" deals. My problem is that in my current market (Los Angeles), the capital required to do some of these deals is too high. Just the holding costs on some of these homes are over $2500 a month.
So I have been thinking about doing long distance "subject to" deals. My concern is that it will be hard to build rapport with sellers without meeting them in person. Here are my questions:
- Is it feasible to do long distance "subject to" deals?
- Would sellers be open to these deals only through phone contact?
- Would it be easier to simply go through a wholesaler?
Any thoughts would be greatly appreciated!