Can A good wholesaler help me find the right properties?

[Maged Bishara]

Hi I have another post out there about trying to find the right properties out there that will work with the different financial ratios that I've been learning about in BP: NOI, cash flow, ROI, Cap Rate, COC, etc.

I'm a Canadian investor and am looking at the U.S. for some real estate investing. We don't have the concept of real estate wholesaling in Canada so it's more difficult as well.

I'm a buy and hold investor and so far I've purchased four properties in Canada and one in Florida. My goal is to reach at least twenty properties (cash payment) to achieve some passive income. I'll need a property manager for each property I assume since I won't be local.

If anyone out there has any ideas or referrals then PM me.

Thanks,

[Phil Bach]

A good wholesaler can most certainly help you find the properties you need. 

The problem is that the true wholesale deals sell quickly to local buyers who know the market and can check out the properties and give a yes or no answer in the same day.  You've got to get some boots on the ground to be your eyes and ears locally, and you'll need to establish trustworthy relationships with the wholesalers you do business with so you know you're not buying bad deals.

Once you find the competitive deals, you need to put yourself in position to be a competitive buyer.