I just relocated to the LA market. I’ve been here going on 6 weeks now. I am a licensed realtor from Cleveland, Ohio and am waiting for Cali license to be ready.
That said, I don’t have a lot of experience with this LA market. I would be guessing, but I think that it is safe to say. Wholesaling IS going on here. And while the numbers may be somewhat skewered on a curved scale, it’s still profitable here for all of the parties.