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Updated over 7 years ago,
Getting Started in a Small Town
Hello all,
I have been reading and learning about real estate for the past year, I am now ready to make the jump! Yes, finally ready to jump into something instead of sit back and watch life go by. The reason I am starting this discussion today is many people I have listened to on podcasts, or read strategies on in books have always been from larger metro areas.
I live in a small area of about 20,000 (Northern West Virginia) but am only about 40 minutes outside of Pittsburgh. I would like to start working deals in my area to gain experience before jumping into the Pittsburgh metro, but am curious what would be the best way to break into a smaller market. Do the same strategies hold up in small markets that work in some large markets? I have built out a list to order that contains 800 address of property owners with 30-100% equity in my county. I am hoping to find distressed sellers or sellers that are looking to move or get rid of their properties.
My goal is to strike some seller financed deals, as I do not have much capital to work with unfortunately. I would like to wholesale the right deals but spoke with a local investor and he said that it's extremely hard to wholesale in our market.
Any tips, thoughts, information is all appreciated! I thank you for the time in reading this and look forward to talking with you all!