Wholesaling in San Diego County: What are the facts?

[Anthony Dray]

Hi everyone. I am new to the wholesaling side of the real estate industry but have some basic knowledge of commercial real estate as my family owns several commercial properties in the San Diego area and does pretty well. However, I am looking to augment my current income as a software sales rep (S.A.A.S). I make decent money but am interested in Real Estate and want to gradually make it my full time occupation (not sure if this will be in wholesaling on residential side or commercial but feel as though wholesaling would be a good way to get my first taste of the real estate industry). 

That being said, I am trying to get straightforward, reputable & honest information when it comes to the facts about getting started in wholesaling and what it takes to be successful and am finding so much contradictory information that I don't know what to make of it. 

I have put in a lot of time and effort into learning what it takes to accurately and ethically quote buyers and sellers on properties for assignments of contracts from seller to buyer (I know a lot of real estate agents feel that this walking a very thin line & many believe it's even illegal-also not sure what to make of that). This includes putting in the time to learn how to run accurate comps for ARV, MAO, rehab costs, closing costs, flipper's profit, wholesaler's profit etc. but time and again I find that a lot of the information I am getting from various "gurus" isn't as helpful or clear as I would like it to be or their pie in the sky promises are just so ridiculous that I can't take them seriously.

I'm well educated, professional and know I can be successful in real estate but it just seems that there's so much misinformation out there that makes it an absolute headache to weed out the fakes from the pros. 

Any kind of guidance or information would be most appreciated. 

Best, 

Tony