Real Estate Investing in Los Angeles
Hi all,
Is it still possible to be successful in real estate investing in Los Angeles? I just spoke to a friend who used to be active in real estate invesing in LA but has since focused on states like Texas, Nevada and Florida. He said houses in LA are so expensive that it isn't worth to flip or wholesale anymore because not many people will be able to pay the price of the house.
In addition to that, I was thinking if a good deal will be few and far between as there are just too many real estate investors here in California?
It would be great to hear the opinions of the experienced real estate investors or anyone here.
Thanks.