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Updated about 12 years ago on . Most recent reply

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4
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Chad V.
  • Hortonville, WI
0
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4
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wholesaling in a smaller market?

Chad V.
  • Hortonville, WI
Posted

I have a few ?'s in regards to wholesaling in a smaller market (green bay, wi). I am new to wholesaling and I am looking for advise with this process. I am in a smaller market so finding direct seller distressed properties is a little harder to come by. Plus I am a Licensed agent so the broker would want their cut even though its fsbo. I was thinking about going the reo route but in a previous post it was brought to my attention that this is a difficult process with many roadblocks. My theory was to establish relationships with reo agent and hopefully work out a deal with them before they put it live on the mls. I m dealing with local banks, so seasoning wouldn't be an issue but I'm not sure if they will do flash cash or if I will need transactional funds for this process. If anyone has any experience with this or has a better way of wholesaling (while being a licensed agent) please let me know.

Thanks for the replies,
Chad

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