All Forum Posts by: Orlando Hernandez

Thanks @Heather O.!  I appreciate your feedback!

Hi,

I keep reading a lot about buying from wholesalers however, I haven't been able to answer the following questions:

I understand in high level what wholesales are, but really, how do wholesalers work?  What makes wholesalers different from flippers or turnkey? Is it bulk buying and selling?

Why are wholesalers able to sell properties at much lower prices? 

Where to find wholesalers?  

Thanks BP!

I'm definitely interested @Mitchell T.

Please let me know if it's still active.  Thanks!

Thank you everyone. 

And let me say, Wow! I can't believe how helpful the BP community is. 

The response here has been amazing. 

Thank you again 

Thanks Dennis.

Let me rephrase, should out of market properties be considered when starting REI?

These out of market properties are 200 miles away.

Hi,

I'm currently in the educational process of my investment career.  I'm researching different niches and strategy.  I'm analyzing different properties locally.  I'm honing down on single family homes and rental properties.  

I haven't pulled the trigger yet but I'm getting close to it.  During my research, I also took the time to compare properties in a different city.  The market is completely different and from a numbers stand point it looks much better.

Should I consider properties out of my local area, same state, different city 50-200 miles away? 

Should I find something locally, even if it is a tighter market?  

I do think that "if its a good deal", it'll be a good deal here or anywhere else.  So I'm leaning towards local.  A 15% Cash on cash return is 15% anywhere.

I've read a lot and most of my reading does say to stay local, at the beginning at least, but i'm curious to hear your feedback.