Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

63
Posts
37
Votes
Misti DelMar
37
Votes |
63
Posts

Wholesaling and REI from Abroad

Misti DelMar
Posted

Hi, I'm writing a vulnerable, honest post here <scary>. Hoping to get advice from some experts.

For 10 years, I've run a very successful destination wedding business. It has been absolutely decimated by Covid. I always wanted to get into REI, but was too hesitant/didn't have time to research. I wish I would have gotten in it in 2018/2019 when I had a nice, fat bank account... but alas, I did not :(

So 2021 is here, and I used that nice, fat bank account to survive 2020. Now, I have little funding left, maxed out credit cards hurting my credit- and a lost chance to get into Real Estate Investing 'buy and hold', like I wanted to. Also... twist, I'm stuck in Mexico, where I have a few not yet canceled destination weddings dotted throughout the year.

So I discovered wholesaling as maybe a new first step to build capital and maybe have a shot at getting back into 'buy and hold' REI eventually (I don't mind getting my real estate license either) I've read plenty of posts here hating on wholesalers and how impossibly hard it is, I got it. Not looking to make millions from it, or scam anyone. I just have the time to hustle now.

Now that you know my dire situation, I have a few questions:

* Can I even wholesale from abroad? I can't attend closings. Would I have to use a US notary here where I am in Mexico? (I know the US consulate in my city has a US notary).

* What would you do in my situation? If anyone has any brilliant ideas, let me know. I'm currently working on several other streams of income too, everything just takes awhile. I know there's no "get rich quick". Just wondering if there's another option in real estate for me right now.

Please be gentle with me. I'm pretty depressed and looking to make my best chess move in life to get back on track. 

Loading replies...