Buying foreclosures wholesale is simply buying the home for less than market value. What many of us dont realize is that the time and energy required to buy a foreclosure can become very stressful. Often, after months of hard work, you end up losing the purchase. Investors have found profitable opportunity in buying foreclosed homes, banked owned properties, also known as REOS, and short sales, and re-selling these homes to the public at discounted prices.
Why should you be interested in buying foreclosures wholesale?
Buying foreclosures wholesale allows you to purchase the home at discounted or below market value price. Buying below market value price allows you to gain instant equity at closing. Buying below market value price allows you to rent your foreclosure with a positive cash flow. Buying wholesale is freedom, you avoid all the hassle in finding, bidding and closing on the property. Buying wholesale allows you to work your present job saving you time and money. Buying wholesale is profitable.
Why are investors selling these homes at a discount to market value?
The numbers of foreclosures in the US will approach 3 plus million this year. There are way too many homes for investors to own them all. Investors are getting such great deals on these homes because most are using their own money to buy them .They are also buying several homes at one time. Wholesaling generates quick cash that the investor can use to purchase more homes. Buying wholesale creates more investors. If you get a great deal on a foreclosed home you are likely to purchase a second one and possibly more. Make your next investment a foreclosure and buy it wholesale.
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