Wholesaling out of state

[Matthew Eddy]

I am 11 months in with my courses in real estate investing, My strategies I am focusing on are rehabbing in wholesaling, I just created an Instagram account and I've been communicating with another wholesaler out of New York And he seems to have a lot of knowledge, he presented me with 53 single-family homes he has in class B and C neighborhoods In Detroit Michigan, he sent me spreadsheets on 10 of the properties, all ROI's are 13–15% they are rental properties and can be purchased with tenants in place, this would be a JV venture split 50% I am a member of a Boston REI group that I've been going to faithfully once a month for the past 10 months, a few of the members there are members of a passive income group and buy properties out of state, I would like to approach them with these 53 properties, my question is, is this something I should pursue being a newbie and how do I find out if this is all legit

[Lydia R.]

@Matthew Eddy There are a lot of red flags here. 1. The wholesaler is in New York but has 53 properties under contract in Detroit? 2. He is contacting someone who hasnt done a deal yet to partner on this? 3. He is contacting someone who doesnt live in the state he has the wholesale properties in?

Thats a lot of red flags. I would definitely proceed with caution here!