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Updated about 5 years ago,
Wholesaling out of state
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