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Thank You Real Estate Wholesalers

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on Thursday, 22 November 2018
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Today we want to take a moment to thank and honor all the good real estate wholesalers out there.


While the pay may be good as a wholesaler, you rarely get the thanks and recognition you should. You are providing a valuable service. We see you.


Thank you for braving this new frontier and making the effort to improve your lives and others. It can take a big leap to get into wholesaling real estate, but it so worth it.


Thank you for helping distressed sellers and their families find a more gracious and profitable exit from their properties.


Thank you for helping buyers who can enjoy affordable new homes and for helping other investors with inventory who renovate them and rent them.


Thank you for graciously working with the tenants who are often caught in the middle of distressed real estate situations.


Thank you for choosing Best Transaction Funding for your funding needs on all your wholesale deals.


Thank you for sharing our service with others and empowering them to do all the above and below.


Thank you for sticking it out as a wholesaler. Even on the days it isn’t easy. What you do is worth it.


Thank you for all you do to give back and pay it forward.


Thank you for reading this blog.


We appreciate you!


Take today to relax, enjoy the rewards of your hard work, spend it with the people you have and are putting in all this hard work for.


We’ll see you back in the field on the flip side…


Happy Thanksgiving!

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Over 10 Million Distressed US Homes Ripe For Real Estate Investors

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on Thursday, 18 June 2015
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New data reveals more than 10 million distressed homes that could be ripe for US real estate investors…

Even though some real estate investors say they have been feeling the pinch from fast rising property prices and a lack of inventory, there are many more distressed properties out there than many can fathom.

While US home equity has been racking up hundreds of billions of dollars in positive gains many US homes are still deep in distress. According to National Mortgage News there were around 5 million underwater homes in America in mid-June 2015. But that’s only a small part of the story. CoreLogic data shows 85% of homes under $200,000 are still underwater!

Think that’s a bigger number? Then add another 20% of mortgaged US homes, or just shy of 10 million homes that have less than 20% equity. These represent homeowners that are also in a tight spot. Between Realtor commissions, taxes, closing costs, pre-payment penalties, back interest and fees, HOA and condo dues, code enforcement violations, property taxes, and marketing expenses most of this group may not be able to sell conventionally either.

Want MORE deals? Check out the 50% to 74% rise in bank owned REOs revealed in this real estate blog post. Then ice that with fresh new residential and commercial mortgage delinquencies. And then there are all the properties that are not mortgaged, but are in distress due to property condition, divorce, past due taxes, and more. 10 million is just a small piece of the pie.

US banks just got slammed with new regulations in June 2015 too. Some of the biggest have finally found that skirting their obligations to help homeowners, grant short sales, and approve real loan modifications has caught up with them. In some cases this means they are banned from increasing their mortgage loan portfolio size. That means they have to shift bad loans and old loans off their books in order to make new ones and make more money. That’s a whole new world of motivation for banks to help investors buy these properties.

There may be some negotiating, and creative deal structuring and financing to be done, but it’s unlikely we’ve seen opportunity this big for US real estate investing since the days of the pioneers heading west.

 

Authored by Best Transaction Funding BestTransactionFunding.com is the leading source of transactional funding and hard money loans for real estate wholesalers in the US, where 100% financing, and saying “Yes” is what we love doing all day long.

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Wall Street Flips Housing, Dumps Rentals

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on Thursday, 24 July 2014
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A new Bloomberg report reveals Wall Street, and big funds dumping rentals as fast as they scooped up distressed foreclosures. Is this the next big opportunity for real estate wholesalers?

Private equity firms and hedge funds that scooped up some 200k foreclosure homes in the last few years say the next phase “will be bigger than the original buy phase.”

Heads of investment firms that bought as much as $40M in distressed homes have announced they are trying to shed their acquisitions, after pumping up prices, saying “we didn’t want to be the last one standing when the music stopped.” Others like Colony say they have aggressive plans to devour many of the mid-sized landlords that were originally funded by Wall Street.

Many firms holding hundreds and thousands of rental homes are out of liquidity, and are having their credit reeled in by those that want to snap them up at a discount, and consolidate the market. Others are just now realizing how much work rentals really are. Ultimately, unless stopped the US housing market could become one of the largest monopolies in history.

For current real estate wholesalers this also means thousands of homes coming back on the market both in bulk, and piece by piece. This will alleviate inventory constraints for those in hot areas, and add fuel to rising home prices. Wholesalers could find huge profits in both buying from, and selling to large funds.

The largest funds like Blackstone have also publicly announced a pullback in acquiring rental homes, signaling more room for wholesalers to seize on new foreclosures and distressed homes.

It is also interesting to note that after fueling home price rises by as much as 60% in some areas some funds are turning their focus to shedding their holdings in the retail market to regular homebuyers that will pay more than investors. This could also be a strategy some wholesalers want to adopt – allowing home buyers to go direct and get access to wholesale prices through them. With their expertise and unlimited, fast dough from BestTransactionFunding.com wholesalers can serve up discounted properties on demand to an even larger pool of buyers.

The bottom line here is that while the forecast is for another decade of rising US house prices, this is proof that savvy investors of all sizes are best focused on wholesaling, versus holding the hot potato.
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Shadow Inventory: Now is the time to freak out

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on Wednesday, 19 September 2012
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Regardless of what you’ve heard, yes, it is time to freak out about shadow housing inventory!

That is, it is time to freak out about the many deals available and profits to be made thanks to shadow inventory being kept in the closet…

Savvy real estate investors are realizing that shadow real estate inventory is quickly becoming more of a blessing that a concern.

Few are now concerned about it having a significant, negative impact on the market today but there is no denying that it is lurking out there in a big way. Some have said the percentage of inventory in the shadows has dropped by as much as 30% in the last couple of years. However, there is no question that foreclosures have been surging by double digits in some states and Morgan Stanley recent projected there could be 5.7 million shadow properties being held off the market right now.

Holding these properties off-market is good for real estate investors and is pumping up home prices. Sure you’d like to do more deals and have them falling in your lap rather than having to look for them and some might say it is better to get foreclosures over and done with. However, no one wants a flood of distressed homes setting the recovery back right now and do you really want to be focused on fighting over REOs and having to overpay in ridiculous bidding wars.

On bright side shadow inventory means there are plenty of bargain properties out there for investors for the next 3-5 years while spreads grow and savvy real estate investors know that there are ways around the bulk of the competition, ways to get the lead and lock in profits when they buy regardless of what big money heavy weights might want a piece of the real estate pie.
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