Are Wholesalers Hurting Local Buyers?
When I work as a real estate broker here in Denver, I do primarily buyer rep. As you all know it is getting harder and harder to get buyers under contract with the lack of inventory. Recently I've been noticing many properties going under contract then showing up on my wholesale emails. It is frustrating because my buyers - starter home budget owner occupiers - are getting beat out by wholesalers. And it's surprising because I'm seeing that the offer prices must be significantly lower from the wholesalers. What are your thoughts on this Denver investors?