Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $22,916
28%  
Woo hoo!! And we're now over 28%!! Thank you all very much!! God bless.

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  • Wholesalers Flood Poor Neighborhoods Looking For Distressed Homeowners

    05/30/2021 12:39:31 PM PDT · by blam · 59 replies
    Zubu Brothers ^ | 5-30-2021
    Wholesaling real estate is the process of finding a deeply discounted home and passing it along to an end investor. Bearing fast cash, wholesalers are flooding low-income neighborhoods, seeking distressed homeowners who want to sell quickly. Record low mortgage rates, low housing inventory, and a real estate frenzy have increased the amount of wholesaling conducted nationwide since the pandemic as many were lured in by YouTube tutorials. The entire strategy behind wholesaling is finding a discounted property, get it under contract, and then flip it to an interested buyer for a quick profit. Bloomberg reports some wholesalers are using strong-arm...