Virtual wholesaling or local?

[Jared Hettler]

Hey everyone,

I have a question. I'd like to hear from people who are actually doing wholesales and have found success on it to get their opinion on this.

My fiance and I are working on getting our first deal. We started out just blasting calls to on market distressed properties. However with the low inventory basically across the entire country right now, it is nearly impossible to do a traditional wholesale deal with on market properties being that the property almost always sells over asking price. Then we moved to off market leads which we are still pretty new with and haven't gotten much done on that, though we have hundreds of properties to skip trace and hundreds of agents to call to build a referral partnership with.

My question is this... our home market is... not a great market for wholesaling to put it mildly. We do have some relatively good sized cities around us however within an hour or so in each direction, including Scranton, Allentown and Philadelphia (in PA.) Is it smart/okay for us to be contacting agents in tons of different markets, building cash buyer databases in each market and pulling vacancy/preforeclosure lists in every market, or should we be focused on solely our local markets to start out?

I'd like to hear some elaborate answers, I want to build as much knowledge and resources as possible. With that being said, feel free to send me a colleague request if you want to partner up.

Thanks in advance, stay safe.