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Updated over 4 years ago on . Most recent reply
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Is Wholesaling Viable in Indy Metro?
New-ish to the real estate market (flipped once in 2007) and wanting to get back into it. I'd like to start with wholesaling to build "house money" capital before venturing into a BRRRR strategy and adding doors to my portfolio. However, I haven't seen many bandit signs indicating wholesale activity in the area where I live and work (NE Indy and suburbs). Any ideas or suggestions?
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There's a wholesaler on every corner in Indy. All of the "education networks" target Indy for their seminars, and it seems like there are another 50 or so every time another one rolls through town. I bought a house for my personal residence from another investor... 3 years ago. I'm still getting phone calls and post cards asking me if I want to sell it. I have no idea how I got tagged as a distressed seller, but I can tell I'm on at least 10 wholesaler's marketing lists. This is AFTER asking them to remove me. The wholesaling market is highly competitive here, and there is a lot of daisy-chaining.
Talk to Brett Simple Wholesaling. He does training for new wholesalers and partners on deals with them. Essentially, you're starting out as a bird-dog for their company, but they know how to do it right.