The Perfect Wholesale List

[Justin Hackney]

Hey BP,

I'm a wholesaler here in Raleigh, NC and I recently purchased a new list that outlined two criteria. The first was that they were and absentee owner of a property in a given county. The next was that they made their purchase in between the years 1990 and 2000. Could it be a mistake to go for absentee owners that have held their homes for this long? does it imply that they are less motivated?

I'd like to hear everyone's thoughts on what they feel Is the perfect list in their market.

[Aaron Mazzrillo]

Less motivated? Never heard of a burned out landlord? I read somewhere long ago that the average landlord lasts 3 years before calling it quit. Some that last much longer found one decent tenant during those first 3 years, then set it and forgot about it. Now, they have a tenant in a house that is run down, beat up, and the tenant is paying 1990 rent rates. 

So yeah, plenty of motivation in that list.