(NOTE: Want to learn how to flip houses to hedge funds? Click here for our “Partnering With Hedge Funds” special report.)
We want to update you on an important industry concern and what’s being done about it.
You may recall one of your Mogul benefits is our lobbyist John Grant – this guy‘s actively making moves in Washington for the entire REI industry – for all of us, on our behalf. He’s our advocate, our reconnaissance team AND our foot soldier on the Hill.
We have of course been in discussions with John the disturbing, growing trend of institutional bulk sales from major Wall Street players actively trying to scoop up billions in residential properties. We see this as one of the toughest pills for many mom and pop investors to swallow right now in the current market.
Look, we all believe in the free market, and we’ll fight to defend it. But we don’t feel this trend is healthy at all – not for the “regular” investor on the street (the backbone of true recovery) and not for the market as a whole. When one of these funds blows up after buying thousands of houses (and they will), the fallout will be widely felt.
In discussing…
John Grant
is the president of the Distressed Property Coalition, a private advocacy effort formed by the top leaders in the residential real estate industry, and dedicated to private market solutions, smaller government, and protecting taxpayers. DPC exists because investors deserve an easier path to buy and sell houses. Investors deserve to shape policies that govern them, not to be subjected to them. Investors deserve better information on current laws and policies. Investors deserve a safe environment to learn more about the industry. DPC is dedicated to providing these services to the residential real estate community. Their content and track record of success in Washington are unprecedented for this industry.
To received Mr. Grant’s policy briefings and newsletter, please visit www.distressedpropertycoalition.com