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Updated about 10 years ago on . Most recent reply

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66
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13
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Brian Armstrong
  • Rental Property Investor
  • Oakland, CA
13
Votes |
66
Posts

Is it realistic to start RE investing by wholesaling out of state?

Brian Armstrong
  • Rental Property Investor
  • Oakland, CA
Posted

I'm new to BP and I'm working on getting started in RE investing. As it seems to for many new investors, wholesaling seems like a reasonably good option for a way to get started in investing and understanding a way for how to find deals. I live in the San Francisco area and based on the forum reading I've done so far, it doesn't seem like there is a huge opportunity for wholesaling locally. Is it realistic to consider wholesaling out of my area when I'm just getting started?

Most Popular Reply

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721
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343
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Roland Paicely
  • Raleigh, NC
343
Votes |
721
Posts
Roland Paicely
  • Raleigh, NC
Replied

Is it possible, Yes!  Is it a good idea, probably not.  That being said, if you have no other choices then do your homework and be mentally ready.  There are different challenges doing virtual wholesaling. 

Are there any successful investors in your area that can guide you through the process locally? Is there a REIA? You can get a wealth of information that way.

Good luck..........Roland

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