Wholesaling in smaller population cities, advice?

Question

I've been finding great off-market deals for homes in more rural locations. Homes in cities with less than 250,000 populations and a long drive away from major markets.

Are these deals worth putting an offer for? How do I gauge whether it's a location that a buyer would be willing to invest in?

Barry Pekin · Answer

@Savon Moniz,

I'm more of a "do both" type of person.  Keep looking for the deals, but also keep working on a solid buyers list.

Small towns are going to have less cash buyers, but they will be there.  Network, network, network.  Attend any local REI meetups and search Facebook for local REI groups.  I bet if you got a good deal under contract, you'd find a buyer.  It's really pretty easy.

That said, what makes you think these are great off-market deals that you've found?  Have you spoken to the sellers yet?  Are they interested in selling their properties for a discount?  Have you made any offers or had any discussions with them about their situations and what they might want?  If you haven't done these things yet, don't count your deals before they're hatched.

Nathan Estochen · Answer

Look at past home sales in the area, anyone flipping or building? Doesn't hurt to put in an offer to see what you can get.

Stephen J Davis · Answer

Don't take this wrong or harsh but you are doing it backwards. Build your buyers list first then look for deals that those buyers want. See if those cities have a real estate investor group or meetup you can join. Build that buyers list first and you can sell in any town. Hope this helps.

Savon Moniz · Answer

I appreciate the feedback guys thank you!

Wholesaling in smaller population cities, advice?

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