It all started with this comment on the blog: "AR Going International? Why Not?"
I hope this doesnt get too long and boring for you guys!
Sharon, thanks for being the first to reply...and your point is well taken. I would like to explore other other kinds of best buys too and would also like to offer commercial space, semi-finished residential development, etc....anything that makes an Indian buyer interested in allocating a substantial portion of his RE portfolio to the US. While I travel atleast twice a year to the US and have some equity in the operations of a Californian Mortgage Broker, my understanding of the market is fairly limited and therefore I was looking at offering my Indian clients simpler and safer REO Bank Owneed kind of properties.
To give you a background, the Indian RE market had been on an upswing and had been registering Y-on-Y growth of over 50% for the last several years. The same was the case of the Indian stock markets. Now, both these have started falling and are expected to do so for the next few years and there are individuals and businesses with huge amounts of investible funds desiring to invest in other international markets that have nearly bottomed out.
My question is, since you guys have such a great site operational and have established a close network amongst yourselves, could we not set up a 2 way proces wherein you identify properties and I showcase them to my clients in India. We could build a great business model out of this and most importantly you all may widen the scope of your clientle/market.
...think about it!
Sam Chopra
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