Estate and mortgage
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Getting the Whole Asset for Less Than What the Dirt Costs
says I am strictly about REO, I am moving from the market from my mutual funds and everything that I"ve got and I want REO. My risk tolerance is high right now. It’s a process of communication and getting the realities to people, and good information really helps. Haymore: As far as the risk that is there, you are buying for less expensive than what a replacement cost is and most times you are buying for less than what the land cost is and you are buying a whole asset. All of the packages that we have done, all of the homes and tapes that we"ve been apart of, every single one of them has returned a healthy profit and has done well. There is an inherent value of something that’s there because you bought it for less expensive than what the dirt costs. Mosca: What is your golden nugget for today? Peay: When you combine RealSource’s experience of 20 years in researching markets, looking at econometric models, understanding the market and how they play into investment strategies like this, you can’t help get good solid information. Those that call in and want to understand, “how do I fit,” “how can I participate based upon who I am and what I"ve experienced in the past, what is my net worth and really what I am trying to accomplish in my portfolio,” we are going to help match that up and give them the realities of where things are and what makes the best sense for them. Haymore: There are three things that separate us from anybody else. A lot of people claim to be direct and deal with the banks directly; we do and that would be the first one. Secondly, we are able to truly understand what the value of what you are buying on a nationwide basis and third, is being able to sell that on a nationwide basis, making sure that you are getting a good return for the investor.Pages: 1 [2]