All Forum Posts by: Robert W

Michael,

Arrrgh....still trying to navigate my way around here....I intended this to be in the "Wholesaling" forum....and will repost it there.

Thank you for the heads-up.

This was originally posted in the wrong section/forum, and reposted here...my apologies...still learning the site navigation

I was hoping that some of the BP Wholesaling Forum readers would be willing to share the criteria and/or data points they look at when determining if an area is good for wholesaling…

…now I am confident that BP’s resident wholesaling optimist, Ryan Webber, will say something like “anyplace any time is great for wholesalingâ€â€¦..and I agree that there is much sage advice in this point of view….

….however, I was looking to see if any of you used more discrete criteria and/or data points to determine if one area was better than another or good at all and if so, what that criteria was.

Thank you in advance for reading and your consideration of my query.

Will and Charles,

Thank you both for your thoughtful and fast replies...it is greatly appreciated.

Both intuitively and from what I have read here, I agree completely that the buyers list has to come first...then look for properties that THEY want to buy, not what you want to offer them.

I asked about remote wholesaling as I have an RE contact in PHX who could get me expired MLS info and possibly do some bird-dogging for me. Based on what you are saying however this is only one part to the puzzle.....which in a remote location could be hard to reliably put together.

Thank you again....

R

As a Christmas present this year from the company, it was announced that my job will probably be outsourced overseas and my being laid off during the first half of this 2011…at my age and with a family to support I need to explore other opportunities to keep income coming in as the wife’s job is not capable of supporting us. Before the sword falls, I would like to begin acting now since the current position allows me to stay at home with our special needs child…and I would like to maintain that situation in the best interests of our child.

I’ve been a lurker for quite some time and a member reader since ____. After reading many, many posts on here, and together with the likely financial situation, wholesaling SFR’s looks like the most prudent way to proceed.

I’ve looked for the answer to my questions on the site and if it is on the blog already, I apologize in advance….

1) From what I have read, it is best to looking for wholesale properties and buyers who are in your local area….if this is accurate…why would a wholesale buyer deal with me other than to find a possible purchase property which they did not know about….and since the buyer is going to want to look at the property, he/she could go to that person and work their own deal outside of my involvement and save themselves my profit on the deal?

2) A number of gurus promote “remote†wholesaling…that is, working deals in a non-local area…if the above is true (only working your local area) is it genuinely feasible to wholesale remotely?

I’m sure that responses will lead to follow on questions and I thank everyone who takes time to read and/or reply.