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SignUp Now!The corps buying to resale later you think?Still going up in Atlanta. 30% of homes are purchased by corps.
I’m holding out, but not deterministic when prices will pull back.
Doubt it, probably a long play to collect rent and eventually will sell. Firms like black water are flush with cash..The corps buying to resale later you think?
I've always wondered on the logistics of this. You hear about blackwater acquiring all these residential homes. How do they handle property management on all these houses? You know they don't want to be in the property management business themselves. Do they get folded into REITs that are close to ground zero when it comes to property management?Doubt it, probably a long play to collect rent and eventually will sell. Firms like black water are flush with cash..
hopefully they get burned.
Good questions for @TheNJNoleI've always wondered on the logistics of this. You hear about blackwater acquiring all these residential homes. How do they handle property management on all these houses? You know they don't want to be in the property management business themselves. Do they get folded into REITs that are close to ground zero when it comes to property management?
Near me, Hedge Funds have acquired multi-family and large commercial properties. You see groups of Hacedic Jews flipping $1.5-$3mm properties and selling for 2x.Good questions for @TheNJNole
Working with a buyer right now and we've probably put in 7 different offer some 20k over asking and still haven't gotten anything. It's all about the termsSmall town. We can’t keep inventory on typical housing. Most listings we offer showings for 3-5 days & then take highest & best.
Working with buyers is extremely stressful as our agents have to be Johnny on the spot or they lose out.
Last 2 years about 70% of buyers are from out of state.
Not sure how much longer this can go on.