First Wholesale call

[Megan Morris]

Hello Everyone, I am very new to wholesaling and I just received my first phone call. The lady I spoke with was very motivated because her husband is sick and the house has too much upkeep. My problem is the area. The house is located in a very rural area and sits back in the woods. It's nice property that doesn't need a lot of work. My worry is all about the location. I haven't come across any cash buyers that invest in that and area and i'm worried that it would be a very hard property to sell or rent out based on the rural location. The house and the street it's located on doesn't even pull up on Google Maps. Do you think I should try anyway or just pass it up?

[Mark Limke]

Do you have a real estate agent/broker as part of your virtual team? Ask them to help define what the market value is. Look at the assessor site to get some idea of the assessor's valuation. It doesn't necessary relate to what you're doing, but it's one more valuation fact.

Check for other properties about the same distance from areas people commute to (population centers, perhaps). Some people LIKE to live in more isolated areas, and this house might be just the ticket. Your agent should be able to give you an idea of how quickly things move in that market niche and location. Ask the agent for comparable properties.

Just a few ideas to consider.