Long distance wholesale purcase

[Jon Abbott]

I live in Washington State and am investing in Dayton, OH, because I am seeking high cash flow property for when I retire in 5-10 years. I found a Facebook Forum with wholesale deals that are 30% below retail price. I found a specific deal that I want to move forward on. Any suggestions on key processes to protect me in signing a contract, or any pitfalls to avoid? I am thinking of finding a real estate attorney in Dayton to look over a contract and facilitate the signing of the contract on the wholesaler's end. Currently, I own two single-family rental homes in Dayton, but I have never purchased through a wholesaler. Thank you for your help.

[Kerry Noble Jr]

1 thing when investing long distance.....I always suggest boots on the ground. Which can be an agent. They can facilitate everything and receive the keys and place a lockbox for cleaning/tenant turn.....etc. Thats exactly what I do for my OOS partners. I also bring the deals/wholesale. If youve never bought from a wholesaler, find someone locally that has and connect.....ask questions....etc