Great News For Real Estate Wholesalers - Where The Deals Are...

by blogger1
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on Aug 17 in BestTransactionFunding
The last couple of weeks have seen several rounds of great news for real estate wholesalers…here’s where the deals are at now…

The cracks in the media and Realtor hype are appearing, and it’s time for investors to grab the market by the horns and crank up their deal flow.

Some industry players have been trying to turn some off and distract them from all the deals and profits coming online. They don’t want competition or to share the treasure haul that the market is hiding right now. They want you to believe it is too hard to flip houses in this market and that you should rush to overpay for properties. Don’t fall for it!

The hard data reveals the real situation and where the opportunities are today and will be over the next few months.

Yes home prices are on the rise, but the best days for wholesaling homes are just ahead. Flipping houses works best in a rising home price environment and the mass of off market discounted acquisition opportunities are creating incredible spreads for investors.

According to Inman News and RealtyTrac foreclosures starts were up in 26 states in July 2013, and up 6% on a national basis.

At the same time real estate brokerage Redfin reports bidding wars are actually down in 23 major U.S. markets, allowing for better bargains to be negotiated by wholesalers.

The inventory coming down the pipe is mostly new foreclosures and delinquencies which forward thinking real estate wholesalers can work to tap into early before the competition even gets a look at.

According to the numbers some of the states with the highest foreclosure spikes now include MD, OH, FL, CT and IL.

It’s also important to note that according to RealtyTrac foreclosures are actually back down to historical levels or below in IN, OK, CO, TX and MI.

It’s time to get cracking…

Need some extra inspiration or new strategy to get the edge? Start leveraging transactional funding and go see the ‘Jobs’ movie.
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