Wholesaling pre-foreclosures

[Dominique Littleton]

Hello, 

I am a new investor living in Northern Virginia. I had a quick question about wholesaling pre-foreclosures? Is this a good avenue for lucrative deals, or should I just stick with finding prospects with ugly houses that I can assign? The reason I have this question is because, the market in NOVA is pretty pricey.. Per my research haven't been able to find a low priced home that I could get under contract, and successfully assign to another investor for a decent profit for both parties. If anyone has an answer to my question or a lucrative alternative I would love to hear from you!

Thanks!

[Ned Carey]

@Dominique Littleton pre-forclosure is one legitimate way to find deals. However my favorite saying regarding finding deals is

This is true with pre-foreclosure. you need to try many methods of finding deals and see what works for you in your area.

Going a hour away to find deals is fine. I work Baltimore and parts are a hour away for me.  However long distance investing only adds difficulty cost and risk. You are going to find the best deals in the market you know the best. That is going to be an area you can get to regularly.