Real Estate Investors Uniquely Positioned To Solve Homelessness Epidemic
Real estate investors can either be a major part of the problem or solution when it comes to America’s homeless crisis. How can they help solve it, and get paid well for their work too?
America’s Homeless Epidemic
While it may have improved slightly from 2011 to 2018, homelessness in America seems to be growing again. It’s now become a threat to surrounding homeowners, businesses and local economies and those who own municipal bonds.
Homeowners are finding their associations billing them with special assessments to clean up homeless camps. Businesses are struggling to attract customers. Cities face unsanitary conditions, or are blowing insane amounts of money to supposedly build accessible housing. We’re talking about the risk of health pandemics, higher crime rates and families with young children living out of tents full time. If they have the luxury of a tent. On top of this, California’s latest ruling to put an end to the gig economy threatens unemployment rates which could easily top 60%.
Vacant Homes
The irony is that there are still millions of vacant homes in America. Local governments have even been spending more on soaking up extra land. Often the ratios have shown that there are actually enough empty homes for every homeless person to have six of them, each.
How Real Estate Investors Can Help
The most obvious thing that investors can do is to help keep rent and homes prices reasonably affordable. If they don’t, it will bite them back, and we end up in 2008 type market dynamics.
Even those just starting out and who may not have a lot of financial resources themselves can use transactional funding to wholesale vacant homes to landlords and rehabbers who will bring them back to being a part of usable housing stock.
Real estate investors at all levels can do more hiring. Hire those that need it most. Just don’t try to hire remote and temporary workers in California. The risks and liability is too high.
Why not provide housing to your teams? Why on earth shouldn’t they all be living in your properties and also investing in doing this? It just makes sense for your business.
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"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
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"....a few months back, I happened upon a video, on your site, regarding the use of transactional funding with Hud properties; and I found myself replaying the video over and over because of the value that I saw in the message...it actually explained the process, step-by-step on how to submit a Hud deal by using transactional funding. Once I completed the video, my initial response was to take immediate action by duplicating what I had learned from the video into real time. So I did some research on properties in a market where I knew I had buyers; and put together a hud deal. I then located a realtor able and willing to submit my bid online and within a couple of days, to my surprise, received a call telling me that I had won – my very 1st Hud bid."
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- Ericka B., Real Estate Investor, CA
