Investors, Contractors and Landlords,
We’re looking forward to hearing my good friend Tony Youngs speak about breaking into the Hidden Market of Real Estate Opportunities especially since a lot of our members are frustrated with the MLS and Zillow (seems as soon as something is listed, it’s gone for higher than the listing price). Do you think we’re ready for a Housing Bubble to Burst?
The Wave of the Future (part 1) by Tony Youngs
The Hidden market consists of all those distressed properties you have seen in neighborhoods where there is no pride of ownership. You know, the ones with high grass, peeling paint, overgrown bushes etc. Usually they are in nice neighborhoods. They can be vacant or occupied, but none of them have for sale signs, no ads in the paper, not on the internet or MLS and because of this, nobody knows these homes can be bought. Maybe you pass by them every day and never even give them a second look.
In the last quarter of 2015, you may want to change your perception of these hidden gems. You see, as we came out of the great foreclosure crisis, and values started to return, so did the demand. Hedge funds were buying everything they could get. Canadians were coming into the market, and investors were coming out of the woodwork. Suddenly it seemed there was not much inventory. Listed properties were getting multiple offers and there is too much competition at the foreclosure auctions. Great deals are few and far between. There is always somebody that will pay a higher price than you.
The Hidden Market is the answer. There are hundreds of distressed off market properties that you can get at bargain prices because there is hardly any competition. . In the hidden market, you will find properties that are in default, but the foreclosure process has not been started. You will find properties where an owner has died but the heirs don’t have the desire or the funds to fix it up, you will also find distressed free and clear properties, bankruptcy properties and even homes with equity.
You simply must find a way to find properties that not many people know about. There are three options for profit in real estate that anyone can do to be successful, whether you have money or not.
More to come, Mike Hurney