Updated almost 8 years ago on . Most recent reply
Wholesaling in Georgia
how is the market for a wholesaler in Georgia?
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@Taronda Ransom What @Stan Sugarman is describing is the Atlanta metro market. It's crazy down there. I'm on a bunch of wholesaler buyers lists and get lots of properties sent to me every week. I just stay away from it.
But there's plenty of room for newer wholesalers in smaller markets like my small town of Rome about an hour from Atlanta. Wholesalers have only moved in here in the last year or so and I bought my first house from a wholesaler just this year.
So I would recommend trying some of the smaller towns. But you have to do a lot of homework. Some of the neighborhoods here someone would have to pay me to take a house but a street over the houses are highly sought after so just watch what you use as comps.
To answer your question about buy and hold versus flip, it depends on the price point. In most areas of Atlanta you're talking flips only because the properties are just too expensive.
In my small town we have both and I do both. Not always true but my rule of thumb is below about $120k it's a buy and hold rental. Above that I would look to flip it. I can flip stuff lower than that but the profit margin just isn't worth it.