Updated over 1 year ago on . Most recent reply
Wholesaling in Los Angeles California
Hello BP I was wondering if anyone here has any experience or know of someone wholesaling in Los Angeles. Is it still a good way to get into real estate investing in this area? Properties here are pretty expensive and want to know if it still possible to be successful here. Any advice for a novice like me would mean the world to me. Thank you !
Most Popular Reply
There hasn't been as good a time to be a wholesaler as there is right now. Investors are getting squeezed and dropping out of business for lack of deals. Hard money and private lenders are dropping rates in desperation to put their money to work. And my wholesale profits have never been bigger. The other REAL wholesalers that I associate with agree 100% with these statements.
"the wholesale business margins have gotten very thin and will continue to get thinner within the next year or two."
Disagree 100%. Either become a better buyer or sell to different investors.