Hey BP family, Happy Wednesday!
I wanted to know if anyone could enlighten me on "out of state wholesaling." What I mean is what's your take on it? Is it doable? If I'm not physically there to check properties out, my buyers can and paperwork for some title companies and escrows can be done electronically correct?
Any feedback is greatly appreciated.
Definitely hard to set up with no boots on the ground, but can be done and has been done. Idk about trusting buyers to walk the property and be honest. So you plan to market to find deals, get a potential deal, and tell your buyer about it and ask them to go check it out? What's to stop them from telling you it wasn't a deal, and then turn around and buy it, cutting you out? Unless they are buyers you really know and trust, I would find someone who you can work with in your target markets for inspections.
Hey that makes sense!! I appreciate that Grant!
Wholesaling is already hard, but unless you are very familiar with the out of state market you are targeting it will become exponentially harder, and it will likely still require an investment in direct mail, adwords etc.
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