Updated over 9 years ago on . Most recent reply
Wholesaling, wholesaling lease options
Hi my name is Tyler Hester and i recently moved to Atlanta, Georgia. I just started a real estate investing wholesaling business. I am looking to do traditional wholesaling for, or as i would say reverse wholesaling. It is hard for people to get mortgages these days that is why i want to incorporate wholesaling lease options for properties with little to no equity. Does anyone have any advice on lease-options that does business in the Atlanta area? Is there a market for lease options around the area?
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Hey @Tyler Hester ! The Big ATL would be a GREAT place to do lease options!
Look at the size of the market you have to work with!
I always recommend @Michael Carbonare at naked-investor for his book on starting off in lease options, and @Brian Gibbons is a fantastic resource as well!
Look for nice houses in nice areas, that are in the median price range..in other words..nice houses the average family can afford. That may be $200k for your area, it might be a bit more.
For me, in the Fort Worth area, I look for houses between $130k to $300k..I actually like houses in the $160k - $230k range.
We've done cruddy houses in cruddy areas, and guess what?
We got cruddy people!!!
I target the listed houses in specific zip codes with my tri-fold brochure and postcards.