How to Choose the Best Market for Wholesaling Real Estate (Even in Expensive Areas)

I recently had this interesting question come up during one of our Inner Circle coaching calls.

Eduardo asked me:

“Generally, what considerations should inform the selection of a market to start with wholesaling? How do these change for crushing the competition with vacant houses?”

I love this question. It’s one I hear variations of all the time from investors just getting started.

Many times, new investors get caught in a trap of their own making — they believe certain markets are “too competitive,” “too expensive,” or “too something else” to make wholesaling work.

But here’s the reality bomb I’m dropping

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How to Rescue a Dead Real Estate Deal: 3 Creative Seller Financing Strategies That Work

Rescue a dead deal

One of my students — let’s call him Charles — recently came to me with a deal that hit a roadblock…

He asked:

“I’m looking at a property in Riverside, California with an ARV of $795,000 needing only $10,000 in repairs. It has a tenant paying $3,600/month through July. The seller has a $550,000 mortgage at 4%, paying $3,900 monthly including impounds. I offered $625,000 cash or $650,000 with seller financing, plus $10K more if delivered vacant. The seller rejected both offers. Do you see any way I could still make this deal profitable?”

Great question!

This scenario happens all

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Foreclosure Redemption Period: OK to Work with Sellers?

Hey there, Cam Dunlap here. So, I was recently asked this interesting question on my coaching hotline:

“Could you go through how working with the seller during their redemption period for both mortgage, lien, or tax foreclosure would work and what we need to be aware of?”

Sure thing!

First, know that every state is a little bit different. Some states don’t have redemption periods, at least with regard to foreclosures. And, there may be a redemption period for a tax sale in an area where there is no redemption period on a foreclosure. 

Before we dive into that question

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Property’s Under Contract — Can the Seller Still Take a Higher Offer?

Hey there, Cam Dunlap here with a question I got recently on my coaching hotline… a caller asked:

“When a property house is under contract with a seller, is it possible that the seller could sign another contract with someone else who maybe makes a higher offer? And, do you register your contract with the title company or how do you prevent yourself from that scenario?”

Well, the answer is: Yes, they could do that, but(!) yours predates it and, therefore, technically nullifies that second one. 

So, when you have the property under contract, you have it under control. Now

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