California Investors Wholesaling Out of State?
I'm located in Los Angeles and I was just wondering if there are many of you out there living in California but wholesaling out of state? I am primarily interested in buy and hold investing and prefer to focus in a midwest market to maximize my buying power and cash flow. I will be doing direct mail marketing as well as phone calls to owners of vacant rentals. I plan on purchasing for myself any property that fits my criteria but I will likely have opportunities that I am not able to take advantage of myself and will look to wholesale.
I would love to hear any advice of anyone doing something similar. What are some pitfalls to look out for (aside from knowing the market)? What are some ways to overcome the disabilities that come with investing at a distance, such as not being physically present to inspect properties, or even close the deals with sellers?
Thanks! And thanks to all of you doing the work and inspiring me to get in the game!