OfflineNo one has a big pile of money to throw around. Even those so wealthy they traditionally might have a pile of cash to bathe in have to be careful. That money needs to be working for them. If it isn't it might as well be spent already. Investing is an amazing way to make that money work for you.
Investing in foreclosures is a good way to do so, at an opportunistically low rate. Now is a great time to make property your business. After the boom and bust of the last few year's markets, some seem to think, are settling. Getting in on these foreclosures is the best way to gain from the economy's inevitable pick-up.
If you take the wise and yet still complicated leap into property investment it is vitally important to do it the right way. One part of doing it the right way is to connect yourself with a company or individual in asset preservation services. Someone hopefully who can maintain the property and manage the day to day while you can quietly manage it from afar. REO properties are popping up everywhere and people are getting in on the ground floor and investing lots of money in these now. REO repair businesses have followed suit and are readily available to investors looking for some asset preservation.
When you put your money in anything it is obviously important to monitor the markets and trends in that area. When you put your money in property it is important that you manage the physical realm of your investment. And that is what a solid REO Services company can provide. You are a business man - you don't know much about construction and general handy work. Even if you do you can't spend your time working with your hands. You have other things to do. On the other hand REO asset management companies are waiting to take over the stressful day to day of your property. You can just sit back and monitor your investment knowing that nothing will ever be ignored or get out of hand.
It is this kind of peace of mind we all want in an investment. No one can predict what is going to happen tomorrow, we just want to know that when it does happen we, or someone working for/with us, will be able to face the presented challenges in an effective and efficient manner. dbrown
Here it is, the big news from The Real Deal - and it says that David Lichtenstein's Lightstone is planning on investing approximately 2B (yes that is b for billion) dollars in Moxy Hotels.