Out of state flipping

[Nicholas Bravo]

I'm wondering if, due to the intense competition of the CA real estate market, if trying in other states (online) might be a more profitable option?

I've gone to listsource and have noticed leads are reasonably priced, but in order to get more bang per buck it may behoove me to seek out lesser fished spots so to speak. especially in parts of the country that are more laid back such as Kansas, Nebraska, New mexico, etc. The deals may take longer, and be smaller but perhaps its a solid strategy. 

That said, I do want to make a at least 50,000 in the first year or so doing wholesaling.

What are pros and cons of doing it out of state in smaller markets, and the pros and cons of not physically seeing the property or physically meeting with the seller and/or buyer?

[Evan Wiesner]

If you're going to invest in any market you don't live in or know intimately you really need a local partner. They don't have to be a capital or financial partner in any way, but they need to be compensated by the deals in a way that makes them interested in your success and they need a local knowledge base that is deep enough to compensate for you not knowing the area. A base knowledge of remodels is great as well.

I've had great success working with members of the national REO brokers association. They typically spent years managing smaller remodels for banks and have the local market knowledge and connections to help get deals and get things done.