Oakland, CA · Member since 2016 · 2 posts · 0 votes
Hello there,
I'm new to the forums and new to real estate wholesaling and I'd like to learn more! I'm curious to know if there are any wholesalers who have been able to wholesale in the SF Bay Area recently with the real estate market booming and so high priced. Also, does anyone do this out of their residential region? Out of state? Any suggestions for places to get started meeting other local wholesalers?
Wholesaling really isn't a thing for folks just getting started, as a viable source of sustained income, in the core Bay Area markets.
We simply have too many REI that are actually qualified to purchase the homes, that can actually close on those purchases. And the homes are too valuable. This isn't Nebraska.
Feel free to prove me wrong, and I will be the first to tip my hat to you if you do. :)
Wholesaling really isn't a thing for folks just getting started, as a viable source of sustained income, in the core Bay Area markets.
We simply have too many REI that are actually qualified to purchase the homes, that can actually close on those purchases. And the homes are too valuable. This isn't Nebraska.
Feel free to prove me wrong, and I will be the first to tip my hat to you if you do. :)
We simply have too many REI that are actually qualified to purchase the homes, that can actually close on those purchases. And the homes are too valuable. This isn't Nebraska.
Feel free to prove me wrong, and I will be the first to tip my hat to you if you do. :)
I figured as much honestly. I had hoped that someone would post here proving my thoughts wrong, but, I really didn't think it was possible to do here with the Bay Area housing market.
It's possible to wholesale in the SF Bay Area. Yes, the Bay Area is very competitive. I do come across a lot of developers and investors who also wholesale. There are wholesalers that deal with commercial properties too. One investor I know just net $300k in a commercial deal.