But it's new enough of a topic to think that maybe I could be the first to dropS this one.
Ok. So, we know Black Rock, Vanguard, State Street and other hedge funds have been purchasing land and homes across the U.S. for many reasonss, not only money, but to remove the land from availability to us, the more they can own the better.
I was scrolling IG and saw an ad for something and it clicked…
Are these people pushing WHOLESALE REAL ESTATE as a way to make money out out there purposely to help those large companies find and buy property at a lower price, and to provide more workers out there doing the work of finding these places and contacting owners and such.
For those who don't know wholesale real estate, you find a home that's been on market for awhile or in default, some reason why they'd sell more easily for less than usual. You lock in a contract and sell that contract either directly to a buyer (assholes like Black Rock) for investments or whatever, or even title companies apparently will buy it for a fee added on for you. Sometimes upwards of $15k per deal.
Sounds to me like Black Rock is getting these homes and all that, with little effort, and for pennies on the dollar…
Thoughts?
Posted by lambori1990
4 Comments
The pic is more like 2 acres, but I get ya what ya mean
Unless that is a tiny home that’s more than an acre lol
Yeah I came here for the math
These “free thinkers” are hung up on semantics, trying to discredit you because you’re right. Victims of the deceit. They want everyone living in dystopian walking-cities and huge densely populated building complexes. No land/home ownership. No cars/parking or freedom to travel. We’ve gotta be tight on resources by now I imagine, and road congestion is at an all time high, but yeah build more densely populated towns into cities.