Wholesaling in Cleveland??

[Sean Dean]

Hello Bp, 

I am going to be returning to Cleveland in early August. I am looking to wholesale properties and wanted to know a little bit more about wholesaling in Ohio. I know coming from Pennsylvania it's going to be different, but is there any problems that wholesalers run in to in Ohio during deals?

[Doug Pretorius]

@Sean Dean You can wholesale in Ohio, just use an option with a non-refundable deposit.

The story is that you can't post an ad with a photo or address of the property you have under contract, and you must only advertise the contract you have for sale. So you need to run an ad like: "FOR SALE: Contract for 3/1 in Glenville area. 40% below value. Willing to sell contract for $10,000."

Or you can skip the ads altogether and build a buyers list by calling local investors off their for rent ads.

Or you can hire an agent to market the contract for you.

You can also buy on lease option, contract for deed or subject to. None of which require your own money.