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Updated almost 3 years ago on . Most recent reply

Out-of-state Wholesaling, Good? Bad? Ugly?
Hey Guys,
I am a senior in college and I am looking for ways to create income to finance my investments. I am really interested in the idea of out-of-state investing and wholesaling, because the areas I plan on living in are not the best cash flow markets, and I am looking for cashflow in the beginning to fund my business.
My question to you all is: Do you think out-of-state wholesaling is a good idea and do you think there could be a credible business model here? I found out about the idea from some guy on instagram, and he does extremely well. My goal is to start wholesaling to fund out-of-state rental investments, and then continue to create my own investment company.
And before I get backlash, I know there are a lot of issues with wholesalers working with little to no ethics. I am committed to complete transparency and I do not wish to bleed sellers of their equity to increase my profit margins. I am thinking anywhere between $2-5k at the most per sale. Real numbers, real P&Ls, and real transparency, looking out for both the seller and investor.
Any thoughts and comments are appreciated!