OfflineHas anyone heard about hedge funds and big investment folks buying up REOs and foreclosures? What does it mean for the little guy (mom & pop) investor? I received a prelim video by email talking about "Why real estate, as an investment AND income vehicle, is dying. Plus the three cataclysmic shifts that will render 97% of so-called real estate investors impotent in the next 12 months." The video did show several blurbs from the wall street journal show institutional investors are spending huge amounts of money on residential properties.
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...what we're learning here is to extract "hidden market" properties.
Things like job transfers and probate will never go away, and that's our bread and butter.
It's true that monster investment groups are buying up billions in REOs and foreclosures. There are hedge funds all over the country that are buying bulk REO inventory, but it's widely scattered across the country and often the worst of the worst of any given bank's portfolio. And with the bank fraud issues that have been cropping up over the last couple years, some of those are going to end up in court over who really owns it.
It goes something like this: the bank committed fraud that resulted in a foreclosure that resulted in an REO that got sold to a hedgefund. Meanwhile Joe Homeowner finds out that his foreclosure what invalid and goes looking to get his house back. The courts are going to have to figure out how to establish ownership OR these hedge funds are going to end up out a bundle when they have to give these houses back to their rightful owners.
It's a mess and no matter what the media says we haven't even begun to see the light at the end of the tunnel.
All it means is that we need to be better at OUR game. Dean is all about multiple streams of properties, and if that's what we're doing then we're going to be fine.
Yes i have heard this too. I was also wondering about this and how it will affect our business.
" Not Having a goal is more feared than not reaching one"
Christa Niven
Yes I got that too, it's just Preston Ely and his gang selling another membership to a program that does all the investing for you. And I'm not exaggerating. I used to like Preston's material but he'll sell you something today that he claims is the answer and 2 months later they'll be a new sale.
I watched this today
and I noticed that Bank of America was renting all the REO listings on there site
http://www.edgelivecast.com/watch/replay/
Weekly Wisdom #204 - Tailor Your Buyers to Your Market
http://www.deangraziosi.com/content/weekly-wisdom-204-tailor-your-buyers...
YIKES!---The sky is falling!---The end to Mom and Pop investing!---PFFT! Nonsense!
Banking Institutions have been buying back their own foreclosures for years---this time though it's uber toxic! It's about greed. It's wrongful. It's fraudulent. It will come full circle.
But really, haven't they messed up the real estate industry enough???
RE-read what Jared said above.
That's NOT what DG investors are about. Keep your focus. There are THOUSANDS of real estate transactions happening in your town EVERY month! Real estate life, as we know it, goes on...lives on...
PS. Put Mr. Ely in your SPAM folder. The propaganda headlines, too.
And Blackstone for that matter.
Happy Prospering! ~Kat, Liberty Residential Investment Acquisitions
• "To every thing there is a season, & a time to every purpose..." ~Ecclesiastes 3:1-8
• "Inaction breeds doubt and fear. Action breeds confidence and courage. If you want to conquer fear, do not sit home and think about it. Go out and get busy!" ~Dale Carnegie
• "Begin, be bold, and venture to be wise." ~Horace
• "Never, never, never give up." ~Winston Churchill
• "Whatever you do, or dream you can, begin it. Boldness has genius and power and magic in it." ~Johann Wolfgang von Goethe
It is Preston Ely trying to sell another product by using scare tactics to do so. Don't get caught up in all the different people trying to sell yet another product. This site will help you by doing just what you did and asking others? Tammy
www.tw4homes.com website
https://tvallc.isrefer.com/go/RehabLite/reigirl/ FREE SOFTWARE FOR WHOLESALERS, REHABBERS AND AGENTS! Present professional looking deals to buyers and lenders as well as run your numbers and get the ROI.