Real Estate Investing Basics

Utilizing a network of real estate agents to invest in a down market

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18 Articles Written
I have approximately ten serious buyers who have a home to sell in another state before they can buy. I talked to the relocation person at Gulfstream here in Savannah and she said many of her new hires have homes to sell before they can buy. If you take my situation and consider all the [...] View the full article: Utilizing a network of real estate agents to invest in a down market on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

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    Mark McGlothlin
    Replied over 11 years ago
    Mike, I have a friend who I’ve invested in multifamily with that has done this with a couple of high end / luxury homes in the past year, and done fairly well. As a multifamily investor she’s comfortable with long distance issues and dealing with property managers. We spoke about it on a call last weekend, and she said the most difficult aspect of the process was coming to a level of comfort with regard to the fundamentals of the market the homes were located in. She had not invested in the market previously and had to do some research (which I helped her with) to feel more at ease, and apparently bought both properties at a respectable discount. Interestingly she’s leased both as executive rentals for a year, and the Texas market the properties are in is recovering nicely. She will likely do quite well. You and she may be on to something here…..
    Mike Farmer
    Replied over 11 years ago
    Thanks, Mark, that’s good to hear.
    Bob
    Replied over 11 years ago
    Soon, you’ll be able to use Sibdu to help you on things like this. Thanks.
    Bob Martin
    Replied over 11 years ago
    Fluctuations in prices are also driven by supply and demand, which in turn are determined to a large extent on investor psychology. Seeing a stock rise in price may cause investors to jump on the bandwagon and this rush to buy drives the price even faster. A falling price can have the same effect. These are short term fluctuations. prices tend to normalize after such runs. Hence, to predict possible upturns or downturns in the stock markets, it becomes imperative to track and analyze deal information.