10 BEST States To Wholesale Real Estate!
Рет қаралды 6,450
Күн бұрынIn this video, we cover the Best States To Wholesale Real Estate so you can know the optimal locations to kickstart your real estate wholesaling journey!
Entrepreneurs & professionals wanting to work closer with my team & I to get started wholesaling & flipping, APPLY HERE: www.realestateskills.com/appl...
We don't just reveal 1 or 2, but the top 10 states that are prime for wholesaling! Covering the entire span of the country, we delve into what sets each of these states apart, creating a perfect environment for both wholesalers and real estate investors.
Furthermore, we're offering a valuable resource, accessible in the description below. This tool allows you to download information crucial for selecting a state to wholesale in, helping you familiarize yourself with local laws and regulations.
Without further delay, let's dive into this video and explore the key indicators to consider when deciding where to pursue wholesaling.
Be sure to hit the like button and share in the comments which state surprised you the most in terms of its wholesaling potential!
Timestamps:
00:00 Intro
01:11 State 10
02:18 State 9
03:23 State 8
04:36 State 7
05:44 State 6
07:00 State 5
08:18 State 4
09:48 State 3
11:30 State 2
13:20 State 1
Let's dive into the details of the 10 best states for real estate wholesaling:
New Jersey - Thriving economy, diverse property types, and high foreclosure rates.
Ohio - Affordability, steady population growth, and a remarkable foreclosure rate.
Tennessee - Soaring demand for affordable housing and unique market strength.
Illinois - Diverse economy, high foreclosure rate, and robust demand.
Pennsylvania - Rich history, steady population growth, and a high distribution of distressed properties.
Georgia - Flourishing economy, affordability, and untapped niches in emerging markets.
North Carolina - Urban and rural market blend, steady population growth, and investor-friendly regulations.
Florida - Strong demand, international appeal, and a high foreclosure rate.
Texas - Exceptional demand, affordability, positive net migration, and a growing job market.
California - Robust demand, high-end properties, foreclosure potential, and sheer population size.
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📝 Disclaimer:
This video is not personalized financial or legal advice for the viewer.
@RealEstateSkills 6 ай бұрын
🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: realestateskills.com/training?el=10beststates
@sebastianestala9913 6 ай бұрын
This was super helpful! Great video!
@RealEstateSkills 6 ай бұрын
We're glad to here you found the video helpful, Sebastian Estala! 😊 Happy Wholesaling! 🏠
@piamayer3937 6 ай бұрын
I think I might join the program now. Thanks for the video!
@RealEstateSkills 6 ай бұрын
We're glad you loved the video, Pia Mayer! If you're interested in joining our program, first we want to make sure we're a good fit for each other. Check out our free training here: realestateskills.com/training?el=10beststates Once you've had time to go through the free training you can schedule a time to talk with our team and we can come up with a strategy together to move your real estate investing goals forward. 😊 We look forward to hearing from you soon, Pia! 🏠🚀
@PaisVeidUeyZT 6 ай бұрын
I'm about to start trying all 10. Too many agents don't want to work with wholesalers for some reason and too many buyers only want sellers.
@RealEstateSkills 6 ай бұрын
You got this, Ziant4life! Many people have had bad experiences with bad wholesalers. You can always educate agents and buyers alike. Remember to approach this business with a service mentality and you will crush it! Cheers and Happy Investing! 🏠
@Unwemmed 2 сағат бұрын
@@RealEstateSkills”Service Mentality” ❤ it ✍️
@noahsteele1032 6 ай бұрын
Thank you for what you do! I am a young person hoping to get into real estate here in Tennessee and your videos are very helpful for learning more about the market.
@RealEstateSkills 5 ай бұрын
We're happy to hear you're getting into real estate, Noah Steele! You're already in a great state to get started! Cheers! 🏠
@oliversolimeno1904 4 ай бұрын
This channel’s blessing me with information
@RealEstateSkills 4 ай бұрын
💙
@MrHgaynor2069 5 ай бұрын
THANK YOU, Alex!
@RealEstateSkills 5 ай бұрын
Happy to help, MrHgaynor2069! 🚀
@liaodell2500 6 ай бұрын
I've been educating myself for a while now, but my discouragement was about my home state of CA, so this was enlightning. I know it's all numbers, but the prices here compared to examples in other states add to the fear. But thank you, great info!
@RealEstateSkills 6 ай бұрын
You're very welcome, Lia Odell! We built our business doing deals in CA so it can be done. Just always remember cash buyers are buying in a wide variety of markets. You got this! Cheers! 🏡
@Fabuloustransportation 6 ай бұрын
Nice video
@RealEstateSkills 6 ай бұрын
Thank you!
@esfere 6 ай бұрын
nice video
@RealEstateSkills 6 ай бұрын
Thank you for the continued support, esfere! 😊 Happy Wholesaling! 🏠
@nicoledavis7953 6 ай бұрын
I have followed real estate skills since june 2023, and Alex gave me the know-how to start, so thanks very much for that. Can we get a video on what states actually have laws for wholesaling and who has no restrictions (open season lol)? Again, thank you for teaching. Keep up the amazing work 🎉
@RealEstateSkills 6 ай бұрын
Great suggestion and we can add it to our list of videos to make, Nicole Davis! We are stoked to hear that you've been able to get started wholesaling from what we teach on our channel! Keep it up! Cheers and happy wholesaling! 🏠
@Fabuloustransportation 6 ай бұрын
There are only 2 states you can not wholesale in. Remember you have Google for these questions
@RealEstateSkills 2 ай бұрын
Each state has there own laws and regulations in order to wholesale real estate, @Fabuloustransportation! It's important to learn how to abide by the local rules and regulations, but every state does allow you to wholesale real estate. 🙂
@bertwright6327 6 ай бұрын
Great video! I'm fascintated that you list California as number one. I'm curious if you can go a little deeper as to why. I've seen similar videos like yours and none of them even have California on their list.
@Fabuloustransportation 6 ай бұрын
Why doesn't matter. Just do the work and start getting paid.
@RealEstateSkills 6 ай бұрын
Good question, Bert Wright! Things to consider are the fact that California is a very desirable state to live in and there is a shortage of housing in major destinations such as San Diego, Los Angeles, etc. This creates unique investing opportunities despite the higher-than-average price points. Cheers and happy wholesaling, Bert Wright!🏡
@RicoLamar987 6 ай бұрын
As a licensed agent, would you recommend doing both wholesale deals and regular real estate transactions or you think its better to just narrow the focus doing one or the other? Also could you do a video on the opposite as well, 10 worst states to wholesale just for comparison
@RealEstateSkills 6 ай бұрын
Great question, RicoLamar987! It's always nice to have an additional exit strategy in your tool belt. You shouldn't stop doing your other transactions, but it is always good to know how to wholesale. Being an agent gives you many advantages when it comes to negotiating as well. That's a great idea and we will add it to the list of videos to make! Cheers and happy investing, RicoLamar987! 🏠
@Fabuloustransportation 6 ай бұрын
Just a fyi if you have a real estate license there is a lot of things you can not do as a wholesaler because you have a license.
@RicoLamar987 6 ай бұрын
@@Fabuloustransportation Like what? I'd be curious to hear a few examples
@RealEstateSkills 2 ай бұрын
@RicoLamar987 One thing @Fabuloustransportation is likely referring to is your fiduciary responsibility to whom the agent is representing either the seller or buyer. With appropriate disclosures and understanding of your local laws and regulations, you can wholesale as a real estate agent. We actually wrote an article that goes over how you do this. Here is a link: www.realestateskills.com/blog/can-realtor-wholesale-property I hope this provides you more insight on the matter. Cheer! 🏠
@lenickjoseph980 6 ай бұрын
Hi Alex. I’ve learned a lot from you. Question would you recommend looking for homes in pre-foreclosure or homes that are already foreclosed on?
@RealEstateSkills 5 ай бұрын
Hello, Lenick Joseph! You can look into those but usually they are highly competitive and not worth the hassle. Using the MLS to be your main source of deal flow has worked for us. Cheers! 🏠
@duanerobinson7075 6 ай бұрын
First viewer ❤
@RealEstateSkills 6 ай бұрын
We appreciate the support, duane robinson! 💙
@WolfBoy723 6 ай бұрын
I have access to private money is it better I wholesale in volume or stick to flips or do both?
@RealEstateSkills 6 ай бұрын
Hello, WolfBoy723! It always depends. You need to be able to assess if the time put into a property will have the ROI you're looking for. We think it is great to understand wholesaling, wholetailing, and flipping in order to have a fully rounded set of exit strategies. Cheers and happy investing! 🏠
@Fabuloustransportation 6 ай бұрын
You have to make that decision your self. Everyone has a nitche.
@RealEstateSkills Ай бұрын
Agreed, everyone has their own goals when it comes to real estate investing so that is always a decision you have to make yourself.
@anikdasdigital 6 ай бұрын
Your Videos are amazing. I really like it. I am a new subscriber to your channel. Can I talk with you?
@RealEstateSkills 5 ай бұрын
Thank you for the support, Anik Das! You can always schedule a call with my team or ask your questions in the comments. Cheers! 🏠
@hannahjeanh 6 ай бұрын
Roll Tide brother 💪🏻
@RealEstateSkills 6 ай бұрын
Alabama let's goooo, Hannah! If you're interested in wholesaling in Alabama we suggest you check out our article here: www.realestateskills.com/blog/how-to-wholesale-alabama?el=10beststates That article is going to go over the wholesaling process for Alabama for you! Also, don't forget to download our "HOW TO WHOLESALE REAL ESTATE STEP-BY-STEP STATE GUIDE" down in the description for any state you're interested in wholesaling in! 🚀 Cheers and Happy Wholesaling, Hannah! 🏠
@cjkirk5489 6 ай бұрын
one question i have if i wholesale through an agent do i need to find a title company or will the agent take care of all of that for me?
@RealEstateSkills 5 ай бұрын
Typically the agent will have that lined up for you, Cj Kirk! If your buyer has a preference though you can always request it to be included in the contract. Cheers! 🏠
@chrisXlr8r 6 ай бұрын
North Carolina mentioned :D
@RealEstateSkills 5 ай бұрын
Yes sir! That is a great state for wholesaling. 🚀 Cheers! 🏠
@user-lb6xp3kz7k 5 ай бұрын
thoughts on wholesaling in Colorado?
@RealEstateSkills 5 ай бұрын
Colorado is a great place to wholesale, Manny Reyes! We actually have an article on our site talking about how to get started wholesaling in Colorado you might enjoy. Here is a link: www.realestateskills.com/blog/how-to-wholesale-colorado?el=10beststates Enjoy the article and happy investing, Manny! 🏠
@99JSTEWART 4 ай бұрын
Ive been looking into wholesaling in Texas but ive been told that any sort of selling of property requires a license. Does this prevent wholesaling?
@RealEstateSkills 3 ай бұрын
Hello, @99JSTEWART! The short answer is yes you can wholesale in Texas. We actually wrote a great blog that goes over how to wholesale legally in Texas. Here is a link: www.realestateskills.com/blog/how-to-wholesale-texas If you have more questions feel free to ask in the comments! 🙂 Cheers! 🏠
@99JSTEWART 3 ай бұрын
@@RealEstateSkills Thank you so much
@RealEstateSkills 2 ай бұрын
You're very welcome! 💙
@brandonvintila2696 6 ай бұрын
Hey Alex, thanks for all that you do. Am considering joining the program. Did have a question though, i watched your other step by step vid on how to wholesale. You recommend 14 day close when making offers. What if i find a buyer on day 5 or 7 after executed contract and he needs more days to acquire the funds, if hes using hard money or getting lending which typically takes 7-14 days sometimes and it goes past the 14 day mark and the contract is no longer active. How do we move forward with the deal if we need more for buyer to get the funds together to close?
@RealEstateSkills 6 ай бұрын
Great question, Brandon Vintila! Thank you for showing interest in joining our program! To answer your question, in situations where the buyer needs more time to secure funds after the initial contract is executed, communication becomes crucial. If you find a buyer on day 5 or 7 and they require additional days for funding, it's essential to discuss this with them. Consider extending the closing period by mutual agreement, making sure to document any changes in writing. This can be done through an amendment to the contract, outlining the revised closing date. It's important for both parties to be on the same page and understand the updated timeline. Additionally, staying in regular communication with the buyer and keeping transparency about the situation can help build trust and facilitate a smoother process. If needed, consult with your real estate agent or legal advisor to ensure that any modifications to the contract are in compliance with local laws and regulations. Remember, flexibility and clear communication are key when navigating such situations. Make sure you check out our free training here: realestateskills.com/training?el=10beststates Once you've gone through the free training you can schedule a call with our team and together we can come up with a strategy to move your real estate investing goals forward. 🚀 Let me know if you have any more questions! Looking forward to hearing from you soon, Brandon! 🏠
@Fabuloustransportation 6 ай бұрын
No 30 days unless you already have a buyer. You still need a inspection so the investor doesn't have any surprises like foundation issues. Also keep in mind unless the house is empty the old owner needs time to pack and get a moving company.
@RealEstateSkills Ай бұрын
Indeed these are all factors to consider.
@roadsafeties-wg6hi 6 ай бұрын
Hi Alex, do you JV?
@RealEstateSkills 6 ай бұрын
Hello, roadsafeties! We have a ton of students that do deals together within our community. Unfortunately, right now we don't have the time to JV outside of our community. Cheers! 🏡
@TheSisUNeed 5 ай бұрын
When doing the google ninja trick you run into a lot of wholesalers with websites. One buyer didn’t want to pay over 5k for an assignment fee. Some of the people that answered were rude and short. You must have tough skin for the Google trick.
@RealEstateSkills 5 ай бұрын
Hello, GOD's Intercessor! Thick skin is definitely a must so just remember not to take things personal. One of the best things you can do is utilize our free script we teach in our "How To Talk To Cash Buyers" video. Here is a link: kzfaq.info/get/bejne/r7Z0dbGgsM2thaM.html Once you watch that video and download the script you can start to filter out your cash buyers and start to build up your list. Don't let this discourage you! Press forward and learn from each person you speak with. You got this! Cheers! 🏠
@tyler2467 6 ай бұрын
Unfortunately, you need a license to wholesale in IL
@RealEstateSkills 6 ай бұрын
Hello, Tyler! You are allowed to wholesale one deal per 12 month cycle in Illinois without a license. We actually wrote a pretty great article about wholesaling in Illinois here: www.realestateskills.com/blog/how-to-wholesale-illinois?el=10beststates We think this will be a great read for you and help you with you future wholesaling ventures in your state. 😊 Cheers and happy wholesaling, Tyler! 🏠
@tyler2467 6 ай бұрын
Thanks for the reply I am just getting into wholesaling now after being in sales for the past 12 years
@RealEstateSkills 6 ай бұрын
@@tyler2467 That sales experience is going to pay off here! Congrats on getting started on your real estate journey. Remember you can take what you learn here and apply it virtually into other markets. Down the road you can look into getting your license , but it isn't necessary to get started. 🚀
@rololoy2 6 ай бұрын
I’m surprised that you place CA as #1 I live in San Diego , Ca, Wholesaling is almost impossible here. I tried wholesaling in LA too , no luck. Sellers in CA have a different mindset.
@MuchWowNature 6 ай бұрын
@@rololoy2what is the mindset? How does it differ from an ideal mindset and give us an example of a state like that. Thank you for sharing.
@AdamBrake-y1r Ай бұрын
I don't see any opportunity what does craziest prices are??? 🤣🤣🤣
@RealEstateSkills Ай бұрын
@AdamBrake-y1r Even with today's prices people are buying homes every single day.