Also investors are taking advantage of an attractive market for buying income properties. At today\’s low home prices it is easy for an investor to charge enough rent to cover the monthly mortgage, said Bruce Norris, who operates a real estate investment firm in Riverside. However, foreclosures in the resale market are depressing sales of new homes, with home builders struggling to compete on price, said Mark Knorringa, chief executive of the Building Industry Association of Riverside County. In some cases, he said, builders are not able to sell new houses for enough to cover the cost of construction and development fees.
Newsletters Inland housing sales show signs of life
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