Is wholesaling in the Bay Area a waist of time?

[Navid Mirkhani]

Hi BP community, 

I’ve spoken to some people in the Bay Area and mostly everyone is telling me its nearly impossible to wholesale houses here. They said the market is so much different than 8-10 years ago. The prices are getting to be ridiculous. There are small 2 bedroom houses in the worst parts of oakland that have crack heads squating inside and windows boarded up still selling for 400k+. Even through probate which i thought would be my way to start its going to be difficult because of the over-bid process. I know nothing comes easy in this world thats obvious but some things you have to  be realistic about also. If anyone has any information on this topic i would love to hear from you. Also would love to meet up with any bay area wholesalers if they have the time. 

Thanks!

[Jonathan Tang]

it's a lot more work but the rewards are much more generous. assignment fees of 25k+ is normal!