Picking a Market To Wholesale (Competitive vs Less Competitive)

[Antonio Cucciniello]

Hey Everyone I have been stuck on this for a while and looking for some feedback.

I live in Austin, but am an investor in a few different markets. I am primarily here to learn how to find off market deals for myself rather than doing it from a wholesaler. I am finding properties for myself as a rental (BRRRR) first and then whatever I can't buy I will wholesale.

Since I am here I figured I would try to find properties here in Austin. I sent about 4K texts and haven't gotten a single lead. Tons of the properties here are overpriced and won't work for rentals but also, the competition is through the roof.

There are other markets I invest in are significantly smaller (60K or lower in terms of houses on prop stream). The other markets are little rock, ar, akron, oh, scranton, pa, and muncie, in. All good cash flowing markets, but not as much appreciation. I am afraid of picking these smaller markets, I won't have enough supply to get enough deals and I will need to focus on multiple markets, but that will split my focus.

Am I crazy for trying to wholesale in Austin? Or do you think it would be better to start in a less competitive market, learn how its done then try to break into a more competitive market? Any insights help. Thank you!

[Ray Danishyar]

To be honest I get a lot of business in New York for a few reasons. 1. High taxes in Long Island (in bad times it makes people noT be able to afford their mortgages) 2. Appreciation is high average home price in long island is about 500k 3. There is alot of equity because there is rarely new communities here. all that is a recipe for great off market deals. Let me know if you have other questions.