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Updated almost 12 years ago on . Most recent reply

User Stats

39
Posts
6
Votes
Nick Saucier
  • Wholesaler
  • Ocean Springs, MS
6
Votes |
39
Posts

Is there a such thing as a market that's too small?

Nick Saucier
  • Wholesaler
  • Ocean Springs, MS
Posted

I'm just starting out trying to wholesale and build up enough capital to "graduate" to bigger and better types of real estate such as rehabbing and eventually commercial, but the more I dig and network, the more I realize that I am in a really really small market.

I am having an extremely difficult time finding serious cash buyers in my neck of the woods in South Mississippi. I call realtors and ask them if I could have comps on handyman specials and cash sales that have sold in the last 6 months, and I either get "we don't keep records of that, but I can get you a list of just homes that have sold in the last 6 months" or "Sure, whats a good email?" and then I'll get just a generic list of homes that sold(mostly at retail price to retail buyers).

Either the cash buyers in this area are very jaded and secretive, or there aren't any.

Most Popular Reply

User Stats

3,269
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2,367
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Ann Bellamy
  • Lender
  • Tyngsboro, MA
2,367
Votes |
3,269
Posts
Ann Bellamy
  • Lender
  • Tyngsboro, MA
Replied

Since Ocean Springs is very near to Biloxi, I am quite sure there are plenty of real estate investors in your area who do fix n flips. You just have to find them.

Find a real estate investors assn - here is a link with two of them, one in Biloxi: http://www.reiclub.com/real-estate-clubs/Mississippi.html

Also try nationalreia.com,

Once you've found a group, you can start to make the right connections. If you are trying to stay only in one small town, you will have a more difficult time find more investors.

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