Best strategy for low pop. low income markets.

[Jon L.]

Hi Guys, I live in WV and it is not a hot market. Median income is ~$30k and population is 50k in my area. Houses aren't selling here, yet there are lots of them for sale. Rental market is high, HUD rental assistance is high, poverty rate 30%. There is a university that is seemingly thriving, but no jobs for the graduates.

I've been wholesaling since last year, and can find the legit deals (40-50 % ARV, 25% cash-on-cash, lowest on market, no war zones) but the "cash buyers" just don't seem to have the cash. It's a challenge to move a $35k for $10k, so forget about moving a $70k for $20k.

Let's just say that my wholesale deals are garbage, I need to work harder to find better deals and fatter buyers, and wholesaling does indeed work in every market. Either way, what would be the best strategy for this scenario? Thus far, I have only focused on wholesaling and am attracted to the no cash no credit techniques, but I most definitely feel the need to expand my horizons.

Thanks in advance.