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All of it is extremely interesting to me as a RE Investor. You hit the nail on the head. We are putting a product out there that would have never existed in the
by instaheat 7y ago
All of it is extremely interesting to me as a RE Investor. You hit the nail on the head. We are putting a product out there that would have never existed in the first place.
Here is where the article misses: No matter what, your numbers have to be right. I'm a firm believer in the invisible hand. If, as an Investor, you set your market rent too high - you may never find tenants. That's just one example.
Investors aren't the problem. Wholesalers (part of the group of Aggressive marketers) play a role in driving up prices taking aggressive finders fees (called Assignment Fees) for finding the properties for investors. Thing is, if they price their assignment fee too high, they may never find an Investor (flipper) to assign their contract to. Once again, market dictates it. If there is no meat left on the bone for the flipper to create their end product (based on current Retail comps) then they'll get stuck with the contract and a large majority can't close the deal on their own. Just join a wholesaler group on Facebook and you'll see the amount of inexperienced people trying to make a buck.