I came across the note posted below and wanted to highlight a few things. Firstly, it is good to keep your eyes out for different offerings like this by different companies. In general, it’s just good to know what is going on in the market and what different people are doing.
Secondly, there may be good opportunities that arise from these types of offerings.
Thirdly, it’s always good to be around and associate with other investors. There is much to be learned from meeting and talking with other investors and learning about their business. How are they finding deals? How are they funding deals? What types of strategies are they using? Also, there is always the opportunity of partnering with these investors, doing deals together, having them as wholesale buyers, etc.
Novel Home Sale Strategies Drive Bargains
In California, Florida, Las Vegas, and other housing markets hit hard by the downturn, real estate brokerages are renting buses and taking interested buyers and investors on tours of foreclosed properties.
Those taking the $20 tour offered by the Keenan Carter Group in Pismo Beach, Calif., partake in refreshments while receiving information on mortgage financing and how much a particular home could generate in rental income. Meanwhile, the Santa Clara County Association of REALTORS® is holding “The Biggest Open House Day of the Year” in California’s Silicon Valley on April 13, with incentives given to buyers willing to make on-the-spot offers.
Besides bus tours, association President-elect Quincy Virgilio also expects the housing downturn to make such renew the popularity of financing options such as equity sharing – in which an investor covers the down payment for the party planning to occupy the home.
Source: Realty Times, Broderick Perkins
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