Extra, Extra! Columbus Dispatch Breaks the News that Big-Money Private Equity Funds are Buying Up Columbus Rentals by the Hundred!
(Of Course, COREE Members have known about this for 2 years, and our very next meeting is about how to make money selling to those hedge funds...)
Last week's Dispatch article (http://www.dispatch.com/content/stories/local/2014/03/01/wall-street-moves-in.html) came as no surprise to COREE members, who've known for years that out of town mega-buyers are looking for houses in Columbus.
In fact, our April 1st meeting is How to Work with Hedge Funds with Scott Davis, Penklor Properties
They’re taking all the REO inventory. They’re driving prices up. They’re buying houses by the hundreds. But like it or not, those big institutional buyers of real estate are here to stay, at least in the near term. But rather than moan and groan about how they’re snatching up all the inventory and overpaying for the properties you want to buy, how about…learning to work WITH them?
That’s exactly what Penklor Properties does, and at this meeting owner Scott Davis will share:
• What hedge funds are, and what they’re looking for
• Which hedge funds are “players” in the Columbus-area market
• The pros and cons of working with these mega-buyers
• Why not every hedge fund is one that you WANT to work with
• How to make money selling your own rentals, or your wholesale deals, to hedge funds, or to companies that work with hedge funds
Scott will share his experience working with major hedge funds helping them buy properties in Ohio, Kentucky, and Indiana over the past 4 years. This is a unique insider’s view that you won’t find anywhere else, so do NOT miss this meeting.
Scott Davis is the President of Penklor, LLC, a real estate investment company that focuses on the purchase and rehab of real estate. Mr. Davis is a licensed real estate and has been part of the purchase, rehab, sale, or lease of over 1000 real estate transactions in the last four years.
As always, COREE members attend free; 1st time guests can download a free guest pass at www.CentralOhioREIA.com , other are $30.