There is an amazing opportunity for investors to flip a high volume of distressed property notes at premium prices to international investors right now. Have you been missing out?
Those using Bank Prospector from DistressedPro.com have an incredible advantage in buying because they are able to quickly and efficiently source great deals on distressed property notes. Buying and holding a few select mortgage notes for long term income can be a very smart financial move today, but there is also huge opportunity and profit to be made in flipping these notes to other buyers.
However, instead of worrying about competing with all the cowboys who are trying to get into the game today by pushing their paper over the internet and to local individuals, why not set your sights higher and further away for bigger spreads and better deal flow?
There are quite a number of foreign investors who are educated about the benefits of acquiring distressed U.S. property notes but who don’t have the resources you do. However, there is a much bigger pool of potential buyers for your mortgage notes out there who are desperate to put their money to work, too.
Foreign nationals have been rapidly making up an ever larger percentage of real estate buyers in the U.S. They are generally cash rich, don’t want to waste time messing around, and are often willing to pay top dollar. In fact, international buyers have accounted for as much as 20% to over 60% of all transactions in some metropolitan areas over the last 18 months.
Despite their huge interest and desire to buy U.S. property, 31% reported they couldn’t find a property and so did not buy, according to a National Association of Realtors report. Others also said they have not yet invested due to property costs in the destinations they were introduced to as well as property tax and insurance expenses, and, of course, immigration regulations to some extent.
This makes your distressed property notes the perfect solution.
They can take as much or as little as they want from you in the form of notes, no matter what their budget is. They can also leave taxes and insurance to the homeowner and don’t need to worry about flying over several times a year to check on tenants, property maintenance, or rehabbing work as they would with directly buying real estate.
About Tim Houghten