One of the more common problems that we repeatedly see in the real estate industry, whether it be traditional real estate investing or investing in the distressed note industry, is that investors are hesitant to purchase outside of their own backyard. Sure, investing in your own city has the benefit of driving to the property, seeing the condition of the home, looking at the neighborhood or seeing the crime area. Even these seemingly “beneficial advantages” have drawbacks. Ultimately, you are still using your valuable time and resources to complete these tasks. There are ways that you can work smarter instead of working harder, and the many benefits extend farther than simply “living within driving proximity to your investment property”.
The secret to buying notes and which investment company you choose to utilize is within their network of vendors.
Over the last ten years of our experience, we have cut our teeth on utilizing many different companies on exercising the day-to-day needs of the business. National vendors that can run title, national vendors that have access to 65,000 real estate agents across all 50 states that within a 3 day period can get you back pictures (exteriors or interiors depending on the occupancy) within 3-5 days. Simply put, having an extended nationwide network of vendors allows you to scale your business, increase your profit margin and become a more passive investor. If you’re wondering how you have come to the right place.