Investors are playing a vital role in helping the housing market heal. But who are these investors and how are they doing it?
To find out, The Real Estate Guys™ get face to face with the CEO of a distressed property wholesaling company that “re-allocates” over 200 houses a month.
In the radio ER for another heart-stopping episode:
- Your host and doctor of dialog, Robert Helms
- Co-host and bed-pan boy, Russell Gray
- Special guest, Econohomes CEO, Jeff Ball
It seems the last decade has more than its fair share of disasters, including Katrina, the Gulf Oil spill and the Japanese tsunami – to name just a few. And of course, how could we forget the Great American Real Estate Recession, which still seems to be years away from bouncing back.
What they all have in common is the human effort which plays such a vital role in cleaning up and rebuilding – and the fact that most of that “grunt work” goes largely unnoticed by the rest of the world. Still, slowly, over time, because of the tenacity and talent of the individual workers, eventually the rest of the world sees recovery.
Of course, those closest to “ground zero” get to see the progress first – and they know better than anyone how far and how fast the healing is happening.
So when it comes to real estate in America, and the housing market in particular, who’s closest to the action?
You could make the argument that real estate agents or REO portfolio managers for lenders are pretty close. But what about the individual investors who go into a devastated market and begin to buy, repair and re-sell or rent out abandoned and often dilapidated houses? Those brave souls are arguably the closest to the trend since it’s their own initiative, planning and resources that make everything else happen. But no one sees the fruit of their ambition until it shows up later as transactional activity. And because they’re mostly all independent small time operators, they themselves don’t even see the collective trend they are creating.
Fortunately, Econohomes CEO Jeff Ball commissioned a study of over 1,000 individual investors to find out who they are, what they’re doing and where they’re finding inventory. Listen in as Jeff discusses the report and what he sees for the housing market from his perspective. And if you listen all the way through, he’ll tell you how you can get a free copy of the report for yourself!
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