Is out-of-state wholesaling a good option for a beginner?

[Garrett Donham]

Hello all,

I am a senior in college but have been in the real estate space for the last 2 years.  I am looking for ways to get started, and also ways to start creating good cashflow to fund my investments.  I am thinking about out-of-state wholesaling in the markets that I want to invest in. 

Does anyone have any advice when it comes to wholesaling? Are there specific things I should look into or avoid? I plan on creating a legit business with a legitimate business model, finding off market deals for a investors and then "wholesaling" it to them.  I have a really good grasp on the real estate industry as a whole because I was a real estate agent for the past two years.

I know there are a lot of issues with wholesalers, which is why I want to go about this the best way and still have it be the most effective.  It could be a long term business model, or it could just be leveraged until I have a high salary and a handful of units, any advice would be awesome! 

[Taylor L.]

It can be, but wholesaling is a lot of work. It is definitely not passive income. You may be better off by still looking for those off market deals, but instead of wholesaling them away, look for ways to create partnerships with other investors and create win win situations which also earn you a bigger piece of the pie.