Banks have been dumping of reo properties in the market that have created a huge amount of inventory this action is leading to sharp decline in housing pric. The basics of wholesaling reos involves finding listed bank owned properties and putting them under contract only to sell them as is to other investors you are not flipping houses in the normal sense you arent intending to close on the house fix it up and sell it. Wholesaling bank owned properties is written by well known real estate expert lex levinrad who is the founder and ceo of the distressed real estate institute lex has authored 7 books about investing in real estate and is a nationally recognized real estate author coach and speaker who has shared the stage with some of the countries best real estate speakers. You need to be prepared to profit from this situation by learning how to wholesale and flip bank owned properties now you need to understand foreclosures and short sales and you need to learn this information now i literally wrote the book on flipping bank owned properties it is called wholesaling bank owned properties