I have sold properties to Blackstone and you can too and a lot of other hedge funds. They are looking for a specific criteria >1991
3/2/
4/2/
No NHA restrictions
Decent neighberhoods
Not Listed On MLS they have to be shadow inventory.
And they don't want to invest in bank mortgage notes/trusts they only want REO's
which is typically what any investor is looking for but were you can kill it at if you don't sell to them is
Properties older than 1991 that simple. Buy Older properties that need some work, they (hedge funds) typically want these house with minimal damage almost move in ready to hold for 7-10 year in the form of rental properties.
And the Hughes Man to me is buying south Dallas because they are about to grow that area up. I just recently had some bank mortgage trusts in the Oakcliff and South Dallas area and I don't think myself better than others but I was not about to rehab or nothing in the areas I drove through he can have it.
I hope that helped you!
Last modified: 20 Apr 2013 6:32 PM | Deleted user
