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Updated over 9 years ago,
Wholesaling in small towns.
Hey everyone (there's a question for you further down, but a little back-ground first). I've been at this game for about 12 years now. But my main thing has been rehabbing (I buy the houses, actually get the deed using cash or lines of credit, or a mortgage, and then rehab and sell retail - either listing on the MLS or selling with land-contract - and sometimes renting it out after the rehab).
I've wholesaled 4 or 5 over the years, but haven't really focused on it.
Anyway, I now want to start looking into wholesaling. And I'm getting leads from all of my state, and recently completed one "virtual" deal that was about 250 miles away in Memphis. But my question is this - I'm getting leads from all over the state. And I want to do more of these virtual wholesale deals. But many of these leads are coming from smaller towns.
Now, small towns don't scare me necessarily. I was raised in small towns (one with less than 1000 in population), and I have been rehabbing in some small towns (populations as small as 4000 or so). But now I'm considering the combination of virtual wholesaling (longer distances) with small towns. So I don't have a buyer's network in these small towns that may be anywhere from 100 to 300 miles away from me.
Finally, the question. Do any of you wholesalers have success in small towns? And how about virtual wholesaling in small towns where you do not really have a network? Are there any buyers here on BP who are looking for good deals in cash-flowing states that would consider smaller towns? I'm in TN by the way.