If the location is down you will have to be aware up front that obtaining a property for wholesale real estate investing will take some understanding. You do not want to have to restrict yourself to buying a investment that you can live in. For example, that means you buy a home and live in it until you turn it. In such an area you will have to get an edge on other sellers. You will not be able to turn it for more than what the market brings. This is why you need to purchase at a big discount to retain a decent amount of money if you are planning to do this the traditional way.

In this instance wholesalers will start by studying listings in the local markets. With the current real estate markets and the amount of motivated sellers, people who are flipping real estate are doing very good. Regardless of what you plan on doing, everything aside, you have to weigh the profit you made against the amount of risk that came into play getting the investment successfully flipped. Thus faster low risk methods like real estate wholesaling are preferred.

As always, remember to educate yourself about wholesaling properties and/or consult a knowledgeable expert before you plan any new investment business and personal finance direction.