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Updated almost 7 years ago on . Most recent reply

User Stats

7
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Anthony Campos
  • Real Estate Broker
  • Temecula, CA
2
Votes |
7
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Wholesaling in California

Anthony Campos
  • Real Estate Broker
  • Temecula, CA
Posted

Hello,

My name is Anthony, I am currently a licensed real estate agent in California.

I would like to get into Wholesaling real estate, but would like to hear any tips, advice, guidance from someone who has been doing it.

Where did you find distressed properties? What type of purchase agreement did you use? What is a key factor that will determine a deal going through? etc.

Anything will help. Looking to get as much information before going out and making a rookie mistake

Thanks in advance,

Anthony 

Most Popular Reply

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1,895
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1,918
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Tim G.
  • Rental Property Investor
  • San Diego, CA
1,918
Votes |
1,895
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Tim G.
  • Rental Property Investor
  • San Diego, CA
Replied

Wholesaling here is almost dead, I am now flipping as the market dynamics have changed. You'll likely have more opportunities with going after listings, since you don't have to convince the seller to take a low price but you still get paid when they sell. 

Many don't want to admit it but the market is hyped and sellers know that, most flippers are doing direct mail and web, the market is saturated with wholesalers and wanna be wholesalers. Don't follow the herd. 

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