Can This Hustle Be Knocked?
I know some of you on this board are making some nice change in the real estate markets, so I want some honest feedback. I have just linked up with an investment group that has an entire CITY on lock.
They are buying the town up blocks at a time, revitalizing the homes, and re-selling them. They have a team of associates set up for every phase of the transaction, and all they need are the buyers. I have seen the documentation listing the comps (with primarily 30-45 day resale), the financial statement of repairs, the property listings, etc., etc.
I am almost convinced to turn all my investors on to them, but I was wondering if there is any downside to this. It is the same set up that others have talked about, investors sign and buy, the property is repaired and then resold. The investor gets a lump sum and the investment group gets the rest. Is there any knock to this hustle?