Wholesaling properties in a VERY hot market

[James Markovski]

Hello all, Im considering a venture into real estate wholesaling and Id love some feed back from any one who's found success in very hot real estate markets.  I live in Toronto and for those of you who dont know, the real estate market here has been on fire with no real signs of slowing down.  My question is, would a wholesaling venture in these market conditions be a waste of time?  Can you still find good deals in a sellers market?  Any info on this would be greatly appreciated.

[Pratik P.]

What @Luc Boiron is saying is pretty on point. I'm a wholesaler in a very hot market. It was extremely difficult to start but I made a huge profit on a deal last month. And another one this month. As long as there are flips going on in your area, then you can wholesale. You won't be getting properties at 70%ARV - repairs. You'll have to offer higher.

Some posters above are correct in that most sellers are listing their properties and getting bid very high. But that's not our market. We have to focus off-market for people who want to get rid of the property fast and aren't willing to go through the process of listing it. 

Also, I don't know about wholesaling as an agent. I keep hearing that you can get in trouble for a conflict of interest. I would look into that as I can't say for sure.