Recently I read an article that said that commercial real estate is still struggling. It said that the default rate on loans held by commercial investors are climbing at an alarming rate and the bottom may not be for another three years.
I know why this has happened because the same thing has happened to me in my wholesaling business. The number of real estate buyers has shrunk because it is harder to find financeing. In short you are looking for cash buyers so it is kind of like going from fishing in a stocked pond to fishing it a huge lake. You really don’t know where to start fishing.
If you want to sell anything right now you have to find cash buyers for your real estate deals, so that means you are fishing in a huge pond with very few fish and on top of that the cash buyers (fish) are not all that hungry right now because they are sitting back trying to see what is going to happen in this market
It is the same scenario as single family homes. I have wholesaled hundreds of houses but even now it comes down to finding cash buyers just like in has come to with commercial investing.
when will the lenders start lending money again?
Hopefully they will start but honestly it may be awhile.
anyway, it comes down to this question. How can I find cash buyers for my real estate?
Well there are many techniques to do that but the best way is to use a combination of online and offline techniques to sell your house or your commercial real estate.
The problem is that most commercial real estate owners quite frankly are not the young generation that came up with the internet at there finger tips. There are a lot of young owners, but still the majority by far are owned by the older generation who are not internet savvy.
The key is finding the right person or the right information on how to find buyers on the internet.
Finding a buyer is what makes things sell and either makes you money or gets you out of a jam so don’t be hard headed and learn what is working in today’s real estate market to find buyers.
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