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Updated almost 8 years ago on . Most recent reply
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What Do You Guys Think About Virtual Wholesaling?
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Raheem Jamaal I'm going to set aside the idea of having a business that makes you (near term) $600K per year and choosing to house-hack instead of living where you want.
Onto the practical matter of virtual wholesaling. From an investor perspective who gets pinged from time-to-time by new wholesalers via BP where they are (way) off is: ARV and rehab cost.
If you're doing it virtually how are you going to estimate rehab costs? Do you know the labor rates in different cities? If the locals can't get it right, how are you going to? Do you want to virtual wholesale in different markets, how will you gain that local knowledge? Don't you think it would be more prudent to state near (or in) your own backyard?