The private equity funds have led some individual investors to quit or reinvent their business models, going after properties the big-money players aren\’t interested in, says Bruce Norris of The Norris Group, an investor, forecaster and hard money lender. \”We\’ve never had that size of investor coming to a market and dictating what\’s going on,\’\’ Norris says of the funds. \”Now you have somebody willing to pay whatever it is so they can get a rental. Somebody with a gigantic checkbook doesn\’t care what they pay. You\’re not going to compete with them very well.\’\’
Big-money funds buy foreclosures — to rent
Norris Bruce
Bruce Norris is an active investor, hard money lender, and real estate educator with over 30 years experience. Bruce has been involved in over 2,000 real estate transactions as a buyer, seller, builder and money partner.
- The Norris Group
- Phone: (951) 780-5856
- Fax: (951) 780-9827
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1845 Chicago Avenue, Ste C,
Riverside, CA 92507