Wholesaler vs Foreclosure Auctions

[James McGovern]

Am I alone in finding that in today's market, wholesalers tend to be able to bring properties at the same price points as you can find by shopping at foreclosure auctions?

[Noah Applegate]

Quote from @James McGovern:

Am I alone in finding that in today's market, wholesalers tend to be able to bring properties at the same price points as you can find by shopping at foreclosure auctions?

Hey James, are you saying that wholesale prices have gone down or up?  I'm finding it hard to get a good wholesale deal myself in Colorado.  After hard money and buying/selling costs, I'm having a hard time getting my numbers to work

[James McGovern]

Quote from @Noah Applegate:

Quote from @James McGovern:

Am I alone in finding that in today's market, wholesalers tend to be able to bring properties at the same price points as you can find by shopping at foreclosure auctions?

Hey James, are you saying that wholesale prices have gone down or up?  I'm finding it hard to get a good wholesale deal myself in Colorado.  After hard money and buying/selling costs, I'm having a hard time getting my numbers to work

Wholesaling is different all across the United states. Foreclosure auctions is the primary means for me to acquire. Maybe it is because I have not met a world class wholesaler.

[Noah Applegate]

Quote from @James McGovern:

Wholesaling is different all across the United states. Foreclosure auctions is the primary means for me to acquire. Maybe it is because I have not met a world class wholesaler.

 I wish I had the cash to be able to purchase at foreclosure sales.  How long did it take you to build enough reserves to purchase in cash? Do you use hard money for that at all?