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Entire communities are being sold to Real Estate Investments Trusts (REITs) and Hedge Funds with portfolios that already contain tens of thousands of rental properties.
WHAT DOES THIS MEAN FOR THE INDUSTRY?
Is this a primary cause for low housing inventory, and have you ever asked your seller if they’re ok with their property being sold to one of these entities for which it will likely be rented out for the foreseeable future and not sold to a new homeowner?
Most importantly, what could the impact be on our industry if we, as real estate advisors, do nothing about it?
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