How new travel threats could affect wholesale houses
How could new travel alerts and terrorist threats to wholesale homes affect US real estate investors?
The past week has seen new global travel advisories issued by the US State Department, as well as the extended closure of embassies abroad. Some sources report that we are now seeing more and more targeted threats than ever before. In addition, a pushback in the ‘war on terror’ and an August 5, 2013 Fox News report claiming that the US Military continues to do business with terrorist-linked contractors suggests that America’s enemies are better funded and bolder than they have been in many years, which could lead to more attacks, or at least threats.
So could this, coupled with increased travel expenses, upset current trends and be a game changer for those wholesale houses?
All of this could definitely help keep more investment dollars in the home. But could it take some of the heat out of the global investment rush, especially in terms of second homes?
It could at least have a limiting effect on travel. This could change the rush to invest closer to some airports and travel hubs, but an influx of capital from abroad and foreign buyers looking for a backup plan and getting cash somewhere safer could balance this out. It could certainly encourage more people in terrorism-prone areas to take their cash abroad and put it in the US, which combined with the current massive interest in Asian US properties could further boost demand and prices. of homes, improving conditions for wholesale houses.
Major international investment houses like Barclays are already targeting the new generation of African millionaires offering new investment opportunities. Many of these will definitely be housing related investments and will help increase visibility of the benefits of investing in today’s market.
Still, it pays to balance your out-of-area, national, and international marketing with a local presence, local branding, and relationship building. Dominate your local market. This is your bread and butter. Then look for opportunities to capitalize on global investment trends and interests.
If you’re going to take an international approach to marketing and wholesale homes, it may be smart to add and partner for services that can make it easy for foreign private lenders and investors to work with and buy from you. This can include translation, banking, title, and property management services, which can often also become alternative income centers for ongoing passive income.