Here in Jersey I've noticed prices dropping a little and vacancies increasing.

(additionally if you are doing a lot of marketing, you will get a hold of some houses that you might just wholesale or even be able to retail out now- that is if anyone could get a loan :cry: )Additionally some of these folks may cash out before 5 years.

The biggest problem that you will face as a wholesaler is that you will have a lack of buyers.

Yep, I'm a broker and I advocate not using one in this situation as you will typically pay double origination.Sure, portfolio lenders will accept a package from me but they will not give me wholesale rates and zero origination unless I have negotiated a master loan commitment with them.

I’m Paul, and I wholesell and shortsell residential property in New Jersey, full-time.I’m young, looking to make my mark, and am working harder than anyone else I know to do it.Lots of great stuff on this forum….look forward to learning from you all and contributing.

I think you have pretty much answered your own question.The way I look at it, wholesalers were hard up to find sellers and deals, now they are actively searching for investors....Everyone can find deals now and most Realtors do shorts now.

And if you can wholesale these properties, is the process the same as it would be dealing with the owner of a property?

I know this is discussed frequently, however, I have a great multi unit wholesale that the owner wants at least 1000 deposit down on.If i can keep my exit claues, why not put a large deposit down, and exit if i need to?

If you are planning to wholesale properties or lease option properties then you would be smart to start marketing for buyers in your area.

I am going to wholesale this property.