Wholesale Real Estate

[Andrew Moran]

I live in Los Angeles and I know home prices are very high for a beginner starting to wholesale. Would it be a good idea to virtually wholesale in other states for someone who is just starting out or would it be better to just do it local?

Anything would help thanks!

[Cornelius Charles]

Hey Andrew.  I don't think the problem with wholesaling in Southern Cali is the prices, but rather the real estate market.  If it's a strong seller's market, there's not much reason for a homeowner to sell their home at a discount. I've been stubborn and trying to make something work here in Ventura County for a few years, but we've only done 1 flip in that amount of time.  Most of the "leads" we get, we are usually off by over $100K of what we can offer the seller and what they are looking for. And for the most part, they can get what they are looking for by listing with a realtor.   I'm actually going to start looking virtually now.