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Can't find the deals in your state, Try investing in another one.

Jul 25, 2008
Many people say that they are trying to buy rental properties that cash flow but they can't find the deals in there state or market.

For example, many investors that I meet from California who want to build cash flow and get the tax benefits of owning rental properties just can't make the deals work there because a small peice of crap house is 200k or more and the rents they can get for the houses just don't cover there payments.

This is the way it is in many states and areas across the country. My advice to them is don't let that stop you. Not all states and areas in this country were affected by the real estate bubble bursting.

Yes, most of the the country has seen some kind of affect by the recent credit crunch but there are many areas that never saw the crazy price appreciation of 50% a year or more. There are many states that just saw a steady rate of 3 to 5 percent. So when the bubble burst the drop was not near as drastic as these high appreciation areas.

So if you are wanting to still invest here is how you do it.

Hunt for states that were not affected by the real estate bubble on the upside. They will not have been hit as hard when everything went down. They are the states and areas that just saw moderate appreciation when everything was going strong.

Once you have found the area, find the local wholesaler there. Don't waste time trying to find the deals youself. Look for the wholesaler there that is selling huge volume like 8 to 10 properties a month. That person is makeing money off of voulume and you will only save a few grand by doing it yourself. Overall for the time that you save by paying him or her there small mark up it is well worth it.

When hunt down the major wholesaler in the area he will know all the right people you will need in order to take a deal from purchase to a tenant in place. They will do all the work for you and without you there.

Once you meet them and check them out--- make sure they are honest. Then proceed to find the deal you want and start building your portfolio. It is not hard to do and it works.

I have known many investors who told me they could not find the deals that would work in there area so they went to another state or another market. They did not listen to all the naysayers who told them they were stupid and they did not let anyone stand int there way. After a few years of doing this they were sitting pretty and they where the ones laughing all the way to the bank.

The goal is to find a honest team and let them help you find great rental properties. As you purchase properties you will start building momentum and soon forget about all the troubles you were having in your market.

Many investors are doing it and have already done it and have been very successful, Just ask yourself if they can do it why not me.

The deals are out there just be willing to go find them, even if you have to go to another state. If you are willing and get off your rear and take some risk you will be in position to change your future. Good Luck!
About the Author
Author: Jesse Davis is an expert wholesaler and works with many investors, helping them build cash flow with rental properties. For great rental properies and to get a free audio on Wholesale real estate in Jackson Mississippi
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