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Mortgage Bailout Forces Denver Real Estate Investors to Find Alternative Wholesale Deal Sources
Denver, CO (PRWEB) September 12, 2008 -- RehabDealsColorado.com (http://www.RehabDealsColorado.com), the Denver, Colorado leader in wholesale real estate inventory announces today that, with fewer REO bank owned properties available and more competition among investors, the wholesale real estate website is experiencing a dramatic increase in site traffic as real estate investors seek alternative sources for wholesale deals.
The easy deal picking of just a mere six months ago is all but gone for people actively seeking to invest in the foreclosure heavy, distressed property housing market. As banks feel the potential for relief from a federal mortgage bailout, fewer REO bank owned properties are hitting the market through the hands of real estate agents. Banks may simply be holding out to see what happens next by offering fewer properties to the market and reducing supply.
The recent re-launch of, RehabDealsColorado.com (http://www.RehabDealsColorado.com) is quickly emerging as one of the best alternatives to finding great real estate investment deals for investors tired of fighting for fewer properties amongst greater competition. The website, which offers investors direct access to wholesale real estate deals, is similar in concept to the MLS but lists only properties in which it has a principle position. This means that the site only lists properties that are either owned by the wholesale buying company or properties where wholesale real estate prices have already been negotiated and are immediately available to real estate investors at significantly discounted prices.
Rob Swanson, Founder of RehabDealsColorado.com (http://www.RehabDealsColorado.com), says, "Most real estate investors work extremely hard and end up with only marginal deals. Real estate wholesalers provide a service and are backed by the cash needed to close the deal and negotiate the best prices. It's pretty seamless from there; the site offers quick and efficient access to distressed property inventory including photos, video tours and comparable sales. After browsing the site, real estate investors simply pick the deal that fits their needs."
The benefits of working through a wholesale real estate investing site are substantial. Using the site saves busy real estate investors a tremendous amount of time, it eliminates offer submittal headaches investors are accustomed to and it provides access to discounted prices that the open MLS does not traditionally support.
For additional information visit the website RehabDealsColorado.com (http://www.RehabDealsColorado.com) or call 866-933-4289 ext. 110.
About RMS Investment Partners:
RMS Investment Partners is a real estate investment and wholesale real estate company headquartered in Denver, Colorado. The company buys, wholesales, renovates and sells many residential properties each month.
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