They MUST sell these properties – typically at a deeply discounted price... at “wholesale”.

The $8000 tax credit has created a significant incentive for first-time homebuyers to purchase a home. Combine that with low interest rates and low prices and you have what we are currently experiencing: first-time homebuyers eagerly jumping into the marketplace. And while the bulk of the activity in the real estate market exists in that first-time homebuyer sector, most Wholesale Properties are not suitable for the typical first-time homebuyer to purchase!