The January issue of the Scotsman Guide features a Q&A interview of incoming National REIA President Doug DeShields, who shares his insight & wisdom on the vital role real estate investors play in the housing industry. In particular, Residential Edition editor Will McDermott asked Doug about the issues facing real estate investors, what areas are hot, the status of flipping, doing rehabs and more. It’s a good read and a great way to start the new year!
What is the biggest issue facing real estate investors today?
One of the biggest problems is finding houses to buy to fix up either as rehab and then resell or to hold onto long-term for rentals. In Charlotte, North Carolina, we’ve got about a one-and-a-half-month inventory of homes, which is well below what the norm is. So, the first problem is finding houses. That is actually a bigger problem than finding the money.
Click here to read the full interview at the Scotsmanguide.com.