Sunday, January 17, 2010

Are Investors good for the market


Some people think that investors are bad for real estate. Are they? Investors take all the risk in buying "as is" real estate. That means whatever is wrong with the property the investors are on the hook for the fix up.

If there is any problem with the home that was unexpected the investors will need to fix it. In to days market all homes are inspected and need to be done correctly. I've done over 500 homes and understand the market. Inspections are important to a buyer for peace of mind, and to make sure there warranty has no pre existing conditions.

My clients buy a lot of homes in Ohio and we buy as is. We do inspections and understand the rehabbing needed. Electric, gas and water are not turned on. So you cannot test the heater,plumbing and water heater. This means that we have to replace them a lot of times. The city will come in and red tag the items they want replaced. When this happens the investor is on the hook no government programs or taxpayers dollars.

The point I'm making is that with risk their should be reward. So making money to help make neighborhoods nicer is a win win situation. When an investor is finished the home is in better condition which helps generate better places for American people to live. It also helps the Government collect tax dollars, and helps the banks retrieve more money through mortgages.

So when people are making money in real estate that's OK because with risk their should be reward.


--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/




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