wholesaling in a smaller market?

Question

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

Rob Gillespie · Answer

Hi Chad,
I would look to move your license with a more forgiving broker. You should be able to do what you want outside of work without giving up a piece of the pie.
I used to wholesale a ton of bank owned properties in the 90s, but now I go after all FSBO's and rentals.
Actually, being an agent may benefit you when talking with sellers. You may end up with a listing when they say no to your offer. 
A smaller market should not matter, deals are everywhere, you just need to turn over a lotta rocks!
Good luck! Let me know if I can help.