Cant tell you about that city, but flipping is owning the property first, Wholesaling is selling before you buy. At least thats my take on it. If you do a search for either in the articles section at the top of this page it will give you a better understanding of the process and hopefully clear it up a bit.
Wholesaling is finding a property that is usually in need of repairs, really cheap and selling that property to another investor (Wholesale) for a small profit, let them handle the rehab, marketing, etc. to the end (Retail) customer. As opposed to doing the rehab and retail sale yourself. With regards to the LA area, if you are finding good enough deals, it won't be a problem passing bargains on to bargain hunters (Other investors). You can do this in LA.
Jeff
Cant tell you about that city, but flipping is owning the property first, Wholesaling is selling before you buy. At least thats my take on it. If you do a search for either in the articles section at the top of this page it will give you a better understanding of the process and hopefully clear it up a bit.
Good Luck,
Kyle
Wholesaling is finding a property that is usually in need of repairs, really cheap and selling that property to another investor (Wholesale) for a small profit, let them handle the rehab, marketing, etc. to the end (Retail) customer. As opposed to doing the rehab and retail sale yourself. With regards to the LA area, if you are finding good enough deals, it won't be a problem passing bargains on to bargain hunters (Other investors). You can do this in LA.
Jeff