One of my favorite events to attend and speak at over the past couple years has been the Equity University Networking Conference, where hundreds of active real estate investors from across the country come to network and learn more about using self-directed IRAs and other retirement accounts to buy real estate.
This year was no exception, with a great lineup of speakers and resources available to attendees. But the best part for me is the actual attendees, who provide great insight on the latest challenges and opportunities they are facing as real estate investors in a shifting real estate market.
So while I enjoyed speaking and sharing the presentation below on the latest housing trends RealtyTrac is noticing and how investors can capitalize on those trends, I enjoyed even more the opportunity to chat with the many investors who stopped by the RealtyTrac table after the presentation.
Many of these investors have been involved in buying, flipping and renting real estate for many years, even decades. They know their local market inside-out, and many of them acknowledged the lack of inventory available for them to purchase in recent months — particularly with the recent influx of institutional investors, many backed by Wall Street hedge funds and other deep pockets.
Still, they recognize they also have opportunity for to buy and flip highly distressed homes to those institutional investors, many of whom are more interested in finding homes immediately ready to rent rather than in need of rehab. And they also recognize the institutional investors are missing many rental opportunities because of their lack of intimate knowledge of a given market.