Top 10 Markets For Wholesaling Houses Q4 2013
By any measure the U.S. housing market is ripe for flipping. However, whenever things are this great investors have to recognize that conditions may not remain this good forever. We may have 10 more years in this upward cycle, but that can be a short window for creating huge wealth and a lasting legacy for those starting from scratch.
This realization plus some real estate investors reporting facing stiff competition is leading to investors to look further afield to increase deal flow and find bigger spreads to fully capitalize on current opportunities.
So where are the best places for wholesaling homes fast today?
According to new statistics from ZipRealty and coverage by UT San Diego the top 10 markets for appreciation over the last 12 months, through August, 2013 have been…
1. Sacramento, California
2. San Francisco, California
3. Las Vegas, Nevada
4. Los Angeles, California
5. Orlando, Florida
6. Phoenix, Arizona
7. San Diego, California
8. Orange County
9. Chicago, Illinois
10. Portland, Oregon
Year over year median home price increases in these areas for the 12 months to August, 2013 range from a low of 14% in Portland to a high of 40% in Sacramento.
It can be easy to buy or contract on and flip houses for big bucks in these markets. You don’t need as deep discounts when appreciation is on your side. Still even in sizzling markets like San Diego homes are going for 30% less than their previous values, foreclosures are still happening, and the outlook for continued growth is great.
Of course the best markets, or at least fastest growing ones may not be the same going forward over the next 3 to 12 months.
Those investors that stay ahead of the curve to rake in the biggest gains are those that see where the market is going. Some of the conditions and factors to look at when trying to predict home price growth include not only past performance but current housing trends, presence of motivated sellers, demand for new housing, commercial activity, financial health of local government, affordability and job creation.
Top Funding News
|
|
|
|
|
| Linked In | You Tube | Google+ |
"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
- Frank Olaitan, Real Estate Investor, MD
"I can't thank you and your company enough for providing funding for our latest project, and right at the last minute. You came through with funding in less than 24 hours and coordinated with the closing agent and attorneys like you had been involved with our project the entire way. I'll know exactly where to call for the funding we'll need for our next project."
- Dave Pricken, Real Estate Investor, NJ
"Thank you so much! I just had a talk with our Realtor on both properties and told him amazing things about your company!... Normally I rehab the houses and re resells them. I just don't have the patience for that work anymore. This [transactional funding] is such a better way for me and less stress."
- Steven Kupecz, Real Estate Investor, TN
"We want to thank you for the exceptional customer service you provided. No one comes close. We had contacted a competitor the same time we contacted your company. Your company responded with in a few minutes while the competitor has yet to respond weeks later even after multiple phone calls and emails. Thanks again for the unmatched customer service."
"We had looked into several transaction lenders for a couple properties we were trying to flip. Your company was the most responsive and had the best pricing. Even though we had logistics issues with the B/C lender, your company acted very professionally and handled our requests beyond our expectations."
"Thank you for your commitment to an excellent customer experience."
- Phoenix Properties, LLC, Ronald Destefani, Investor, PA
"I was studying on how transactional funding works and you guys had the best and most thorough explanations posted so I could fully understand the details in back to back closing. I'd already started setting everything up but your video confirmed that I'm on the right track."
- La'Donna Turnipseed-Scott, Investor, LA
"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
"To you I say, ”KUDOS to Best Transactional Funding and Thank you for providing the education and services to Real Estate Entrepreneurs like me. Please keep up the good work!'"
- T. A. Davis, Investor, NJ
"You each deserve high marks for your wonderfully quick response time to each of our questions and requests! You hit home runs with us! Your application system was easy to use. Our deal met your qualifications and every time Rob Kozak or any member of Mystic Properties, LLC phoned, we received a "real" person dialing back to speak with us.
Your patience and persistence were exceptional in dealing with our business interests. Thank you for such great customer service! We look forward to working with your staff, again, in the future. We like referring people to you, as us, our team would have missed-out on an excellent earning opportunity.
Your help negotiating with our title company made our back-to-back deal, finally happen. People noticed on settlement day how effectively and efficiently your part of the transaction was organized and executed. Again, thank you for truthfully being the "BEST" at what you do!"
- Diane McAdams, Mystic Properties, LLC, Real Estate Investor, Pennsylvania
"Boy, you guys are impressive! I can’t thank you enough for scrambling and getting my deal done at the last minute like that. You and your team were awesome!"
- Donna Bauer, The NoteBuyer Inc., Real Estate Investor, OH
"Thank you so much for working so diligently with me. Your services really are the "BEST". I look forward to working with you in the near future!"
- Ericka B., Real Estate Investor, CA
