How to Deal with a Hedge Fund with Gavin Timms Episode 979
With hedge funds willing to pay well above the local price to acquire the exact kind of house in their criteria, it can be tempting for wholesalers to jump both feet into working with them. Gavin Timms is here today to give you the lowdown on how to profit from a relationship with a hedge fund without getting burned by them.
Because hedge funds have lots of money to purchase houses in bulk, it seems like they might buy every house that you put in front of them. But Gavin\u2019s been shorted by a hedge fund that backed out of a huge deal when they ran out of money before the end of their funding cycle. It left Gavin with over a million dollars in inventory, and sellers who\u2019d been promised better prices than normal.
Gavin\u2019s going to give you tips on:
\u2014How to find hedge funds
\u2014How to understand what motivates them
\u2014How to protect yourself with better contracts
\u2014How to make a relationship with them work
Selling 500 houses at once sounds like a dream for wholesalers, but being on the hook for 500 houses when a buyer backs out can become a nightmare very quickly.
What's Inside:
\u2014You cannot possibly understand the reasoning behind a hedge fund\u2019s criteria, so Gavin\u2019s going to show you how to roll with it.
\u2014Why you need to tighten up your contracts when you\u2019re dealing with hedge funds.
\u2014Pay attention to when a junky little house in your market sells for $1.2 million.