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Columbus, OH, United States, 2007/08/14 - Colin Andrews Egbert and Matthew Leitz have created a very powerful tool to empower investors to make money in real estate – even now, in the wake of the real estate market’s implosion.
“Our site is the best thing to hit real estate investors since, well, houses!” says Egbert, the company’s CEO.
It’s a tough market, both Andrews and Leitz agree. The news looks bad almost any way you look at it: foreclosures are up 55% nationwide in the first half of 2007 (according to RealtyTrac.com), caused by a combination of sub prime loans and lax lending practices – and to make matters worse, the Federal Reserve will likely keep raising the interest rate. Now that the mortgage companies have learned their lesson, it’s harder than ever to get a good deal on a mortgage – keeping many Americans from their dream of home ownership.
So there are more houses, tougher financing requirements and fewer buyers. Where’s the opportunity in that kind of scenario?
“Our site, RealEstateInvestor.com, makes unbelievable opportunities possible,” says Leitz, REI’s Co-Founder and Chief Creative Officer. “We’ve turned the old real estate investment model on its head by empowering individual investors to help educate each other and share leads!” “In fact, we just had an experienced investor pick up his best deal ever from another REI member and will profit $60,000 from it! That’s serious business.”
REI is a free, interactive online community where investors and real estate professionals can set up a profile, blog, share tips and leads, and market and promote their products for free. What’s their recipe for success?
One part MySpace features
One part YouTube features
Two parts Real Estate
“It’s really a Web 2.0 approach to real estate investing,” says Egbert. “The MySpace/YouTube model of online networking isn’t just for teens and people looking for a date! Our site allows real estate investors to expand their reach by connecting them with other investors in markets they aren’t familiar with. They can ask other REI members about specific areas and make smarter investment decisions based on what they find out.”
Combine that sort of in-the-know, insider information with the resources REI offers, and you have a recipe for real estate investing success, say the site’s founders. RealEstateInvestor.com offers its site members not only a free online profile and a place to market their products and services, but also blogs, seller leads, free legal documents, inspirational and educational videos – all the tools you need to succeed, whether you’re a veteran investor or a newbie.
“Our members have online advantages that were undreamed-of before web 2.0 advances and high speed internet,” says Leitz. “I am 100% sure that people will use this as a part of their everyday investing as the REI network grows. Soon, RealEstateInvestor.com will be as valuable to investors as tenants to fill their houses or purchase contracts to do deals.”
“This will benefit real estate investors and professionals more than any other resource ever,” Egbert concurs. “I’ll bet my business on it!”
About Real Estate Investor
RealEstateInvestor.com is a thriving, interactive online community for investors and real estate professionals, featuring profiles, blogs, seller leads and educational resources. Becoming a member is free and takes less than a minute.