Market Research: High-Growth Counties for Remote Wholesaling

[Masashi Borges-Silva]

I am new to wholesaling and would like to share the results of my market research. My goal is to engage in remote wholesaling, so I am in the process of building a system that only requires internet access, a laptop, and a phone.

Before investing in any county and assembling my team, I need to understand which counties are experiencing growth and have market activities such as housing supply, motivated sellers, and buyers (fix-flippers and buy-and-hold investors). Currently, my research is focused solely on the population growth rate and I have not delved into the specifics of market activities, housing supply, motivated sellers, and buyers. I plan to conduct further research in these areas to determine the most suitable options for my circumstances.

I used the 2020 Census Demographic Data Map Viewer to find a new market out of state. The criteria I used are as follows:

1. Landlord-friendly states,
2. Counties with a population growth exceeding 30% between 2010 and 2020,
3. Counties with a population of more than 300,000 in 2020,
4. Counties that are not located on a coastline to eliminate the risk of tsunamis.

The results are as follows:

A total of nine counties were found in five different states. Texas had five counties that met the criteria, while Florida, Virginia, Colorado, Tennessee, and Ohio each had at least one county that met the criteria.

Osceola County in Florida (Zip 12097)

Osceola County (Zip 12097) showed the highest population growth rate of 44.65%. In 2010, the county's population was 268,685, and it grew to 388,656 in 2020. This county is inland, and the closest major city is Tampa.

County in Texas (Zip 48491)

Texas had the most counties that met all the criteria. The highest population growth between 2010 and 2020 in Texas was in Williamson County (Zip 48491), with a growth rate of 44.08% (422,679 in 2010 and 609,017 in 2020). The lowest population growth (30.04%) in Texas was in Collin County (Zip 48085), which saw the population increase from 782,341 to 1,064,465 between 2010 and 2020. This is the only county that exceeds a population of 1,000,000 and meets all the criteria.

Counties in Virginia, Colorado, and Tennessee

Loudoun, Virginia (Zip 51107), showed a population growth rate of 34.79% between 2010 and 2020 (from 312,311 to 420,959).

Weld, Colorado (Zip 08123), showed a population growth rate of 30.12% between 2010 and 2020 (from 252,825 to 328,981).

Rutherford, Tennessee (Zip 47149), showed a population growth rate of 30.04% between 2010 and 2020 (from 262,604 to 341,486).

In conclusion, the market research for remote wholesaling has identified several counties across different states that meet the specified criteria of population growth and other factors. Osceola County in Florida and Williamson County in Texas have shown the highest population growth rates, while Loudoun County in Virginia, Weld County in Colorado, and Rutherford County in Tennessee have also exhibited significant growth. These counties present potential opportunities for engaging in remote wholesaling, considering their population growth.

Further research is needed to delve into the specifics of housing supply, motivated sellers, and buyers in these counties to determine the most suitable options for the circumstances. With the right approach, these counties may offer promising prospects for a successful wholesaling venture.

If anyone has any thoughts, questions, or additional insights on this topic, please feel free to share them in the comments below. Let's have a discussion and learn from each other's experiences.