Real estate investing excites me.
I do believe that smart investing will really pay off financially in the long run! So I love when I get to work with investors.
I was recently working with one (who actually found me right here on Active Rain!) and he was interested in short sales. So I starting finding him some properties that might work for him.
Now, with investors and short sales/foreclosures comes a whole Pandora’s Box of thoughts and opinions. Typically, investors want to purchase these distressed properties and re-sell them for a profit.
While searching for these properties, I always call the listing agent and make sure that the sellers don’t mind receiving a low offer for their home. I don’t want to surprise them with no advanced warning. There is no need to offend anyone with an unwanted low offer.
But I ran across a real estate agent who really shocked me. This was his comment: “Investors are like the scavengers during the American Civil War who robbed dead soldiers of their currency. They get the currency re-circulating, but the way they obtain it is deplorable.”
I tend to disagree with him in this crude comparison, but I am curious to hear what other real estate industry professionals think…