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Updated almost 2 years ago on . Most recent reply

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Andy Ta
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Is it worth getting into Wholesaling in California?

Andy Ta
Posted

Hello new here! 

I was looking into getting into wholesaling as a new real estate investor but I don't know if it's a smart idea to look for opportunities in Los Angeles. As people might figure, real estate is expensive here to say the least, so I was looking to get some opinions on if I did want to try my hand in the business to try in LA where I'm unsure if it would be difficult to find cash buyers yet or try to do some wholesaling deals further out where it's a bit more affordable and probably easier to assign a contract. Any tips would be very appreciated. Thanks!

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Rick Albert#2 House Hacking Contributor
  • Real Estate Agent
  • Los Angeles, CA
1,561
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Rick Albert#2 House Hacking Contributor
  • Real Estate Agent
  • Los Angeles, CA
Replied

To be honest, every single wholesale deal that comes into my inbox is overpriced and the suggested rehab costs are always too low. 

If you can actually provide valuable deals, then go for it. Or you could get your RE license and practice that way. 

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