Need help/advice starting my wholesaling and flipping business.

[Stanley Diaz]

I am a licensed real estate broker since 2002 and had my ups and downs. My career was mostly in the Inland Empire but now I live in North Hollywood, CA located in the San Fernando Valley area. Over the years I accumulated a ton of experience on closing single family deals from A to Z and can handle almost anything from open to close. But when it came to prospecting and generating new business, I just simply sucked and could not prospect if my life depended on it. Once I had the client, I did very well. I always had some hits but more misses in regards to prospecting. Nothing really worked for me. I don't know if its because of the crazy competition in our southern California real estate market or if its just my selling skills (probably my selling skills). 

I am very burned out on the idea of running a "real estate brokerage" and feel ready to shift my focus to my original dream which got me interested in becoming a real estate agent in the first place; fix n flips, buy-rehab-hold, wholesaling, new construction and maybe help a buyer or seller here and there when the opportunity arises.

Is there anyone out there facing the similar problems or maybe have good advice on marketing, success stories or advice in general?

[Bikran Sandhu]

I'm new to investing in real estate but I've been living in Southern California for the past 9 years. Based on the research I've done, the market is crazy so I don't think it's your selling skills. Basically everything is selling these days. I feel with fix/flips there's really no alternative exit strategy if the market tanks. 1% rule is out the window here and only real way to make money is hold and hope the property appreciates until you're ready to sell because you'll most likely be cash flow negative for 10-15 years. Even cap rates are in the low 2-4% based on multi-unit properties on loopnet.

That's why I've been looking into investing out of state but I'm still researching.

Hope that helped!