Picking a market to wholesale in.

[Jonathan Rivera]

How do you go about picking a market to wholesale real estate in? I live in NJ & this market seems to be saturated for wholesaling. Any recommendations or advice ?

[Daniel Paloscio]

New Jersey is a great market. We fund a lot of deals for wholesalers there. If you are wanting to get out of NJ and explore other markets, I would start first with where the regulation is favorable to wholesaling, then second, I'd focus on where the hedge funds are buying. These tend to be the most lucrative markets for wholesalers. I see our most successful wholesalers moving lots of inventory in NC, SC, GA, FL, TX, NJ, MI, IN & PA. Of those, the most active states are going to be TX, FL & GA.