Thinking about getting into Wholesaling in Los Angeles

[Marvin P.]

Hi everyone-

I discovered wholesaling a month or two ago by downloading Sean Terry's book on my iPad a few months ago. I devoured it in a day or two and immediately started listening to his podcasts. While I haven't listened to all of the podcasts, I've listened to enough to make me more than a little curious.

I live in Los Angeles, where the real estate market has taken it on the chin the past four years. I also work in architecture so I am familiar with construction and design. The profession of architecture has been in flux and and it seems like i should broaden my horizons. I love the profession, I just don't enjoy the downward pressure on salaries and competition for crappy jobs.

I'm also technically savvy. I've setup a few websites and find it easy and dare I say fun to do. I also know how to use Google Ad Words, Google analytics, Aweber, etc. So I know I can do the legwork to set up and market a succesful wholesaling practice. I take a lot of pride in doings things myself, so I would learn the in and outs the hard way.

Aside from the inexperience of actually not having done a move, I'm unsure if L.A. is a good market for wholesaling or not. What is everyone's experience with the Los Angeles market? My biggest fear is that I am spinning my wheels. The older I get, the more precious my time becomes.

[Will Barnard]

Try reading these threads:
http://www.biggerpockets.com/forums/93/topics/58383-the-truth-about-wholesaling-

http://www.biggerpockets.com/forums/93/topics/71654-this-place-is-chock-a-block-with-wannabe-wholesalers-what-is-the-reality

Sign up for the BP Summit in Denver March 23-24, it is only $250 and there will be no upsells, just real info from real investors (I am one of the speakers and my topic is on wholesaling and rehabbing, plus I am from Los Angeles!) Here is the link to sign-up: http://www.biggerpockets.com/conference/