Some new Real Estate sales market data has come out and it shows a deepening of this hot sellers market. Only 25% of people surveyed think its a good time to buy a home. However, 69% of people surveyed think its a great time to sell. This is a record high for this poll which goes back more than a decade. What does this mean to investors? Well, short answer is that people need housing, whether its a remodeled flip or rental property or even new construction. With millennials approaching the age of 32, which is the average age of first time buyers, this trend won’t end soon. So, lets get out there and find distressed properties or rental units that you can house hack.

Realtor Tip

Wholesalers play a role in acquiring distressed properties. Wholesalers get under contract to sell with the homeowners then sell (assign) you the contract to buy the property for a fee. In our world of funding flips, we allow up to 10% of the purchase price to go to a wholesaler. So, keep that in mind if you want to get a hard money loan for a flip that you found through a wholesaler.

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