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Updated almost 12 years ago,
Realtor says flipping SO California is basically over for new REI
Newbie here. I have been doing tons of reading, talking to people in the business, and getting some names of realtors etc, ie- starting to assemble a team. Just got off the phone with a realtor I was referred to and the things she said was NOT encouraging. Basically in my town, in the Inland Empire of CA, there are usually 3-400 homes available, right now there are LESS than 100. She says there is NO inventory for any kind of flipping. She says the days of low balling are over and it would be VERY hard to get started in flipping at all now. She used to do it herself but now is looking to develop and sell new build homes with a developer/friend. Of course she wasn't interested in bringing anyone into that. She seemed sincere and very nice, but I have a hard time shaking the feeling she wasn't interested in dealing with anyone who wanted to do flips. I NEED a realtor I think, because I have never put an offer on ANY house. But I have a private investor willing to back me. Am I just too late? Seems saturated with people doing this. Any advice? Answers especially appreciated from Southern California people!