Is EVERYWHERE good for wholesaling? · Millionaire Investing Roadmaps

Sep 19 in Tools

Is EVERYWHERE good for wholesaling?

Some would argue that you can wholesale anywhere, but the truth is that the key to a good wholesale is being able to find a BUYER. Who are our buyers? They are investors. When investors are considering purchasing a property to Buy & Hold or to Fix & Flip, there are many factors that they analyze. One factor of PRIMARY importance is appreciation.

How can we as wholesalers research an area to find out if it's appreciating or not? There is a website called bestplaces.net which is free to use. Look at the Housing Stats, and see if the area is appreciating. I have about 5 areas within about 2 hours of Charlotte, NC that I'm targeting because they are appreciating at rates of 25% and more! That's high and good news for investors! Investors, who we will be selling our wholesale deals to, want a location where their property purchases are going to appreciate!

Another important part of evaluating an area is to see what companies/industries are being attracted to the location. For example, a manufacturing company coming to an area is a job MULTIPLIER. What does that mean? Not only does the manufacturing company bring jobs at the company, it also brings other related supporting industries. These related, or supporting industries, would do things like supply the raw materials needed to manufacture, they would provide transportation and logistics, packaging, tools, and so on.

I recommend that you ask Chat.GPT or Google Gemini (or some other AI you use) this question: "What manufacturing companies have come within 40 miles of (my city/town) in the last two years or have plans to come in the next year?".

As you will see on my attached worksheet, I did this research on some towns/cities that are within two hours of Charlotte, NC. Check out my work and then create your own sheet to evaluate what are some good cities and towns that are attracting investors due to manufacturing and appreciation.

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