We have recently seen our REO inventory not moving as fast as it did last year. We speculate it's due to buyers who are worried about the economic turbulence. However, foreign investment in US distressed markets is on the rise. We have recently been approached by an Asian and European investment groups who are already making distressed acquisitions. They are giving us the opportunity to earn their business and be their exclusive representatives for their US acquisitions. We expect more foreign investors will be rushing to the US distressed markets. If you are not tapping that market you might consider doing so. Below you will find the marketing presentation along with the investment broker profiles we prepared for the investment groups. You are welcome to use some of our ideas.Distressed Property Investments Presentation.pdfInvestment Broker Profiles.pdfBTWWe are looking to establish a business relationship with brokers/agents from all US markets who have REO listings to offer our investors. Please reach out to me if you are interested.
Carlos you can count me in as well. My company Island Advantage Realty has the number one ranking in REO volume for Brooklyn, Queens, and Nassau county New York. Our REO inventory is increasing faster than the pool of local buyers. We are also seeing heavy foreign investment in Brooklyn especially in multifamily units. We are selling more and more REO's online using our website and virtual tours. I would love to connect with you and keep you up to date on our New York REO inventory. You can reach me online.
Many blessings to you in the new year.
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Many blessings to you in the new year.
Darryl Joyner
Darryl@Islandadvantagerealty.com
www.islandadvantage.com