He says his source at a leading information provider, tells him that their research reports a serious drop in the number of "wholesalers" out there from 90,000 in mid 2022 to about 20,000 now, in fall of 2024.

Just be cautious and make sure you have a solid plan to pay it back, as this can be risky if the deal falls through.3.

If not, this is how a lot of homeowners/investors/property owners fall victim to lowballing.You get the roof looked at from the outside and are given a price.

In addition, right now you can probably find one for less than $1M if you also negotiate hard on some overpriced listings that have sat on the market.I think you are falling victim to negative thinking and bad press.

However, now that we’re heading into fall, we can see that 2024’s summer selling season was slower than 2023, with closed sales in Austin down around 16% compared to last year.

Well, the reasons given generally fall into two categories - either tax benefits through an “installment” sale or obtaining an interest rate on their capital greater than what banks are paying.In my 45+ years doing real estate deals, I’ve found maybe once that the tax argument was considered by a seller; further the “greater than bank rate” argument is completely irrelevant because - the proceeds of a property sale were never going into a bank account, at least not most of the proceeds.

Many people above have commented about a few of the pit falls in this strategy.  

You're essentiality telling the bank - "I want to buy a property that's in an asset class with falling values and I don't have the money for a down payment.

Mortgage rates have been falling for four weeks, now about 90 basis points lower than last year!

I was going to stay a couple nights with my family there over fall break and the nightly rates seem really crazy, between $300 and $900 for a typical rental house.