Wholesaling: Recently Purchased Properties

[Brandon McCadney]

Hey everyone! I'm about 2 months into REI, so there's still so much I'm learning. I'm working on what potentially will be my first deal if things go right within the next week.

While I'm in the waiting period with that deal, I'm working on finding other properties and I've noticed that there are a lot of rundown vacant homes in St. Louis, but they have been purchased by either a person or a company within the last year or 2. 

Am I wasting time connecting with these types of owners? My thought is that maybe they've had plans to renovate, but they may have fallen through. 

Any suggestions or thoughts will definitely be appreciated. Thanks!

Brandon