Quote from @Jason Baker: After leaving the real estate market in 2024 and bringing in the new year of 2025, what are the best updated strategies/approaches to be a successful wholesaler in the Miami Market?  

In the same amount of work I could find an undervalued deal in my market through existing channels.

The Latest OTM episode calls out some markets that I've been hearing about for a while, ie Dallas, but one specifically that caught my ear....

Hellen, do you mean you want your Realtor to market in other states for your listing in SWFL? 

Its hard to find and investors who is going to fund a 1 mil dollar rehab loan.

If you are new, be sure you can raise the funds before proceeding.In my opinion, you are going to have a hard time raising money with a 6% pref and 70% of the profits after that unless you have a lot of newbie investors in your Rolodex. 

Even the funding alone is easier since you now have a cash flowing property that can help you fund your seed money faster. 

And.....”preREO”...just another goofy a$$ made up marketing term. 

Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.