Someone asked me the other day who the typical REO investor is? I couldn’t answer the question effectively because there really isn’t a typical REO investor.
In my day to day business I see everything from Grandparents to overseas investors to hard core real estate investors. Right now we have a women’s investment group who is seeking an REO 
investment for rental property. They are a group of women ages 17-64 who meet once a month at the public library to discuss investment strategies. There is nothing typical about these ladies. They are as diverse and unique as the day is long. But they have one thing in common, they love a good investment.
We have several clients who are overseas investors. With interest rates still low and current value of the American dollar, they are taking advantage of the low REO prices to make a solid investment in the future.
It’s too hard to pin down a “typical REO investor” because so many people have reasons to save money and invest it in real estate. It would be like asking who a typical grocery market shopper is – “People who like to eat!” People who buy REOs are people who like to save money and want to invest in their financial future.
The advice and tips offered in this blog are intended to be solely informational and do not apply in all circumstances. Make sure that you consult a real estate professional, financial consultant, attorney or accountant before taking any action. For further information or questions please contact Gabriella@IARNY.com
