What types of properties should you wholesale? Keep your options open. You can still wholesale properties that may not
be your specialty or located in areas where you prefer to buy and sell houses. The more you limit your options, the less
likely deals are to come your way.
For example, if you only want to wholesale Absentee Owner properties in a given zip code assessed at $100,000 or higher, let's just say that deals may befew and far between. Not impossible, but just a little bit more sparse.
We're not trying to be negative here; we just want to make sure you do not get boxed into one way of thinking as the
only type or few types of properties you want to key into.
Properties are our commodity as wholesalers, and it is just not to our advantage monetarily to discriminate on the types
of properties you key into. There are plenty of properties that are wholesaled specifically because thewholesaler would
NEVER buy them personally. They aren't "lemons"; they just don't fit into the wholesaler's personal parameters.
The theory - or rather , mindset - that you should probably know is that you will find far more deals to wholesale in
the lower-income, depressed areas rather than the subdivision less than a year old for cash-only offers. Now you're
probably thinking "Right, now tell me something I don't know. " The truth of the matter is that we could give you
apicture listing of properties from low-end war zone to executive row, but if the seller is not motivated in either
category, then it's a moot point.
You will find both motivated and unmotivated sellers on both ends of the spectrum.