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Updated over 8 years ago on . Most recent reply

User Stats

13
Posts
8
Votes
Dwight Rigel
  • Investor
  • Saint Louis, MO
8
Votes |
13
Posts

How do the big guys know banks plans?

Dwight Rigel
  • Investor
  • Saint Louis, MO
Posted
I've noticed that the larger investment groups seem to move throughout the country following the ramp up in banks' forclosures. For example one large investment group that came in to St. Louis had just finished buying hundreds of homes in Texas. After about a year and a half and 200 properties in St. Louis they were gone. I know from some people they work with they went elsewhere but I don't know where. So the question is: how do they know where the markets going to get hot for buyers i.e. where the banks are going to start increasing foreclosures?

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