Accusations levied against real estate investors along with the facts behind the facade.

Accusations & Response

A few of the more common accusations levied against real estate investors along with the facts behind the facade.

Accusation: You are taking advantage of someone else's misfortune by purchasing their property that is in foreclosure.

Response: Not everyone is a victim; some made a calculated risk while seeking a greater reward...and lost. Also, the economy has changed and many people are now stuck in homes they cannot afford and do not want. Once out from under the burden of this house they are now free to pursue other opportunities and get their financial life back on track.

Accusation: You are profiting from poorer, over populated, distressed neighborhoods.
Response: Foreclosures and short sales are not limited to poor areas. The neighborhood may or may not be distressed depending upon the unique composure of the community itself. Some areas were over-built and heavily promoted for investment properties by new builders and have an inordinate number of foreclosures while other neighborhoods may only have a very few. It can literally change from street to street.

Accusation: You are taking advantage of people by bidding low and then re-selling at a higher price.
Response: A tremendous amount of time, energy and risk goes into securing a property, making any needed renovations, marketing it and locating a new buyer. Unforeseen repairs, unanticipated delays, taxes and insurance plus a long list of other potential costs are just a small part of the equation. Sellers and banks need to move properties; the reward reflects the inherent risk plus value of time and other costs.
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