I'm even a bit behind you on knowing *how* to get a wholesaling approach started.

Have any of you ever tried this approach?

Wondering, have you approached your neighbors about buying it?

The agent that I use just brought a tenant to one property that is a law enforcement officer.

The rest of my properties are duplexes and I like the long term value in renting my properties out, so I favored that approach and the rental offer pushed me over the edge.

In my area, depending on my volume of leads and my time available, I would approach the seller and let them know this information.

A balloon or ARM loan is also likely.One approach is to do a syndication.

My buyers list has been acquired over the years through various ways.. i can't say i have done one single thing that has brought me the majority of buyers..

Forst off, IF you expand your farm area, you must make certain you repeat the process of completing your due diligence in the new market area as I directed you to do at the start.Second, rather than go down that road, perhaps open up your current farm to a different approach, i.e. direct marketing to motivated sellers like absentee owners, vacant homes, pre-foreclosures, divorce leads, etc.

I don't think the house is worth even 140 with no work done to it but the tenants really want to stay there and would pay a premium (supposedly).The owner's like me. they said they've been approached by more agressive people and were turned off but that I impressed them.