Here are the reasons…
- High Sellers’ Motivation – due to potential loss of their home, equity, credit, etc.
- Sellers’ Deadline – deadline helps the decision making
- Lenders’ Motivation – huge discounting possibilities
- Creation of HUGE Equity Spreads – due to all of the above
- Possibilities of using OPM – you can use “other people’s money” – take over the bank financing, or having the seller carry back portion of their price.
- No Money Down Deals – put under contract at a good discount and wholesale it quickly.