Since 2001 Eddie Case has flipped several hundred houses in the Harrisburg, PA region. Eddie's "straight line" approach to Wholesaling revolves around the unique specialty of "assigning his contracts" to other investor/buyers commonly, this technique is known as assignments. Eddie is the host of his own weekly radio talk show "Reality Real Estate" where he educates his listeners on the subjects of wholesaling and assignments. Eddie is dedicated to helping others succeed through understanding and applying his time tested, step-by-step approach to wholesaling houses.
As with any economic recessionary period there comes a wave of financial "hard-times" for many home owners. These hard-times bring about an increase in foreclosure rates that are the result of many home owners no longer able to keep-up with the mortgage payments.
Lending institutions in tough economic times are forced to foreclose on delinquent borrowers and will take back thousands of properties that they really DO NOT want keep as bank-owned inventory. The banks will often unload these properties to real estate investors at dramatically reduced payoff amounts. These properties are then purchased and then immediately resold at a profit by real estate wholesalers. This Investing style is called a "Short Sales".
Aside from the banks swelling with bank-owned or REO (Real Estate Owned) inventories, wholesalers also will see a big spike in "Private Sellers" drastically reducing the prices of their home in an attempt to avoid any foreclosure woes that may be headed their way!
A recession will generally cause a wave of both "Private" and "Bank Owned" real estate that floods the marketplace all at once. This sudden influx of available inventory of real estate will kick-off a serious "Buyers Market" situation. Sellers who are in any type of crisis and who need to sell very FAST are forced to sell their homes at deep discounts just to avoid losing their homes to the bank in a foreclosure situation. Its a vicious cycle that just 'snowballs" as the recession worsens. Welcome to "2009"!
Experienced Wholesalers find it very easy to find incredible bargains in these HOT "Buyers" markets. A lot of people believe that wholesalers are just "capitalizing on others misfortunes", and some folks will conclude that the wholesalers are somehow evil! I see it completely different, whereas, I believe that the wholesalers are doing a justice for both the Banks and the Private Sellers. The wholesalers are buying up all of the banks dead weight and helping the banks "cut their losses" and are keeping thousands of private home owners from going into foreclosure and possibly even into bankruptcy.
Long story short, great priced real estate inventory is plentiful in recessionary times, making it the perfect time for savvy wholesalers to make a boatload of quick cash. Booya!
20 FREE FAQ videos about real estate wholesaling here? www.FAQMentor.com
- Related Articles
- Related Q&A
- How to Profit From Wholesale Purses and Wholesale Handbags New York
- Learn about drop ship and Wholesale Products and drop shipper
- Learning About The Benefits Of Wholesale Shoes
- Learning The Basics Of The Wholesale Ordering Process
- Nintendo Wii Console Wholesale Distributors - Finding Wholesale Game Console Distributors
- Wholesale Drop Shipping Companies: Learn More about Drop Shipping Wholesalers
- Can I Wholesale Real Estate By Myself Or Do I Need Partners?
- Tips For Wholesale Video Games Distributors Search: Aha, Really?
Seller Closing Costs - Estimated Expenses Deducted From Proceeds When Selling Your Home
By: Stephen A Daniels | 07/01/2010Real estate transactions are subject to several taxes and fees at the time the deal is finalized, or closed. These are termed as "closing costs." These taxes and fees vary widely based on the city, state and county where the property is located. Though usually less expensive for sellers than...
Finding Comfort and Luxury at Dallas Apartments
By: Deskelly | 07/01/2010, Dallas Apartments provide the finest housing amenities keeping in consideration the variety of choices and comfort of their customers. Famous for their high quality apartments and low rents, these apartments attract people like no other housing facilitators in the country.
About Makati
By: AndyFOX | 07/01/2010Makati is one of the largest districts in the Philippines. It is the seventh on the list, carrying a total area of 27.36 square km. Its population goes up to more than 400,000 as of the 2nd millennium.
Gurgaon Property Market has Eclipsed the Other Markets in Delhi NCR
By: joseph | 07/01/2010Gurgaon property market has eclipsed other markets in the Delhi NCR.During the preceding quarter in the surrounding centres of Noida, Ghaziabad and Faridabad, property rates have shown an increase over the corresponding period the previous year. However, the appreciation in the Gurgaon region is higher than those of the other regions. Also, the average property prices in Gurgaon are higher than those in these centres.
Faridabad prime location of India
By: Nitin | 07/01/2010Actually the days and years are passing like anything along the track people are also traveling with lot of aspiration. For a common man what would be expectation rather than having a cool
Sports City is a Lake District Residential Area on Yamuna Expressway
By: Kamaldeep | 07/01/2010Jaypee Greens is coming up with Lake District project called Sports City, a dramatic housing concept on yamuna expressway in Delhi NCR, where dwelling units have been raised upon water bodies.
For Sale: Global City Condo Unit at The Pacific Plaza Tower
By: Ace | 07/01/2010Life in Fort Bonifacio starts in the luxurious residential Global City condo units designed to the very highest standards.
First Time Home Buying Suggestions
By: John Patton | 07/01/2010How to buy a home for first time buyers.
5 Things You must have to succeed in Real Estate Wholesaling
By: Eddie Case | 03/01/2010 | Real EstatePerhaps this is the reason why more and more people are succumbing to one of the most popular styles of Real Estate Investing – Real Estate Wholesaling. It is because in this business, there are no bosses to order the employees around. There are no deadlines to meet and no clutter of work do to. One only needs to be equipped with the tools needed to succeed in a business such as this, and he is bound to get what his heart ultimately desires.
How to Get on the 1st Page of Google Fast!
By: Eddie Case | 31/08/2009 | SEOEver wonder how some people get there websites, blog sites, articles, videos, etc onto the first page of Google? It's not magic! There is a system! I can show you how to get most anything onto the 1st Page of Google very quickly! I can show you how to get 1 thing in particular onto the 1st Page of Google in a matter of just a few hours, and sometimes in less than 1 hour!
Finishing the Basement and How to Build the New Walls
By: Eddie Case | 25/08/2009 | RemodelingWhat are some Tricks and Tips for properly positioning the new basement walls that I will be building in the basement?
Basement Remodeling and How to Hire Subcontractors
By: Eddie Case | 25/08/2009 | RemodelingHow do I find the right subcontractors to help me finish certain phases of MY Basement Remodeling Project that I DO NOT want to tackle MYSELF?
How Do I Create a Functional and Beautiful Basement Remodeling DESIGN and FLOOR PLAN All by Myself?
By: Eddie Case | 25/08/2009 | RemodelingHow do I create a functional and beautiful basement remodeling DESIGN and FLOOR PLAN all by myself?
Basement Remodeling Project Building Materials
By: Eddie Case | 25/08/2009 | RemodelingWhat are the correct building materials that I should be ordering to begin MY new basement remodeling project?
Basement Remodeling Cost of Project
By: Eddie Case | 25/08/2009 | RemodelingHow much will my basement remodeling project cost me if I do most of the contracting work myself?