How New Travel Threats Could Affect Wholesale Homes
How might new travel alerts and terrorist threats affect wholesale homes for American real estate investors?
The past week has seen new global travel advisories issued by the US State Department, as well as the prolonged closure of embassies abroad. Some sources report that we are now seeing more and more specific threats than ever before. In addition, a rollback in the ‘war on terror’ and a Fox News report from August 5, 2013 indicating that the US military continues to do business with contractors linked to terrorism suggests that US enemies. They are better funded and bolder than in many years, which could lead to more attacks, or at least threats.
So could this, along with rising travel expenses, alter current trends and change the game for those who wholesale homes?
All of this could definitely help keep more US investment dollars at home. But could you take some of the fire 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 centers, but an influx of capital from abroad and foreign buyers looking for a backup plan and getting cash in a safer location could balance this out. It could certainly encourage more people in terror-prone areas to take their cash from abroad and place it in the U.S., which combined with the current massive interest in U.S. property from Asia could further boost demand and prices for cash. housing, improving the conditions for the sale of houses wholesale.
Leading international investment houses like Barclays are already targeting the new generation of African millionaires offering new investment opportunities. Many of these will definitely be home-related investments and will help increase the visibility of the benefits of investing in today’s market.
Still, it’s worth balancing 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 are taking an international approach to marketing and wholesaling houses, adding and partnering for services that can make it easier for foreign investors and private lenders to work with and buy from you, you can be smart. This can include translation, banking, title, and property management services, which can often also become alternative income centers for ongoing passive income.