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Updated over 8 years ago,
Are There Still Many Motivated Seller's in West Oakland, CA?
Hello BP,
I currently work with a Bay Area Wholesaler, and soon I hope to start up my own wholesaling business in order to raise funds for investing. Here is my concern: I am not confident there are many motivated sellers left in West Oakland, which is where I would like to concentrate my efforts. The market here is so hot! It seems the majority of homeowners here are aware of the gold nugget they have in their hands, and will not settle for anything less than market value. Home prices are rising fast, Victorians are being flipped left and right, and the West Oakland Specific Plan will be underway soon.
Since I would like to focus my energy in West Oakland, would it be wise to get my real estate license and become a salesperson rather than seeking highly motivated sellers in hopes of wholesaling properties?
I do understand that no matter what path I chose, there will be lots of hard work and sweat equity involved. I do not want to know the "easier" path, but rather the more efficient path with regards to doing business in West Oakland.
This is the market that interests me most, and I would like to focus on understanding my niche market to become an expert in my area.
All the best!
~ Raquel Pea