Out of State wholesale deals
7 Replies
Some links on this page may be affiliate links, meaning BiggerPockets may earn a commission. Affiliate links do not reflect member endorsement.
Jade Utley from Nashville, TN
posted 12 days agoJames Green Wholesaler from Waldorf, Maryland
replied 11 days ago@Jade Utley have you done any local wholesaling?
Jade Utley from Nashville, TN
replied 11 days agoNo not as of yet I’m a newbie I’m trying. I’ve been looking around locally but’s the numbers aren’t adding up
Jade Utley from Nashville, TN
replied 11 days agoJames Green Wholesaler from Waldorf, Maryland
replied 11 days ago@Jade Utley out of state wholesaling is a lot harder if you've never done your local market. You are in Nashville, a big metro, you should be able to find deals all over the place. You might have to go out to the suburbs, I don't know your market but I am in the DC area, very competitive and very expensive, but there are deals all over the place. Not only in DC proper, but in all the VA & MD suburbs.
I would suggest visiting the wholesaling forum & consume all the info there. Have you joined any of REIAs in the area? There are deals in Nashville & its' suburbs.
Aziz Raji from Milwaukee, Wisconsin
replied 11 days ago@Jade Utley welcome to the site! It's great to have you here. Feel free to ask any questions in the bigger pockets community! Wholesaling out of state first you will need to set up a team such as realtors, contractors, investor friendly title co and attorneys and also connecting with local wholesalers is essential. Hope this help and good luck on your journey!
Steve Haight from Las Vegas, NV
replied 11 days agoJade,
Stay close to home would be my suggestion. Just to find a management company that you can trust can be a daunting task.
Jorge De Jesus from Katy, Texas
replied 10 days agoPartner with wholesalers in your target out of state market, market for end buyers. Make sure you add value somehow. This is basically what it is all about plus tons of marketing.
Example
Have the local seasoned wholesaler in your target market amylose where you will be marketing. YOU Pay for the marketing . YOU get the leads and make sure it’s a doable deal. Send your partner. Close. Split the profit. Do all this under an entity you are both in.
Is there a reason your market won’t work?
Join the Largest Real Estate Investing Community
Basic membership is free, forever.