Wholesaling Newbie Q's

[Robert W]

As a Christmas present this year from the company, it was announced that my job will probably be outsourced overseas and my being laid off during the first half of this 2011…at my age and with a family to support I need to explore other opportunities to keep income coming in as the wife’s job is not capable of supporting us. Before the sword falls, I would like to begin acting now since the current position allows me to stay at home with our special needs child…and I would like to maintain that situation in the best interests of our child.

I’ve been a lurker for quite some time and a member reader since ____. After reading many, many posts on here, and together with the likely financial situation, wholesaling SFR’s looks like the most prudent way to proceed.

I’ve looked for the answer to my questions on the site and if it is on the blog already, I apologize in advance….

1) From what I have read, it is best to looking for wholesale properties and buyers who are in your local area….if this is accurate…why would a wholesale buyer deal with me other than to find a possible purchase property which they did not know about….and since the buyer is going to want to look at the property, he/she could go to that person and work their own deal outside of my involvement and save themselves my profit on the deal?

2) A number of gurus promote “remote†wholesaling…that is, working deals in a non-local area…if the above is true (only working your local area) is it genuinely feasible to wholesale remotely?

I’m sure that responses will lead to follow on questions and I thank everyone who takes time to read and/or reply.