Investors are Calling on Developers Capital Realty,,finally

As a result of many things going well, but not perfect, I have come full circle.

As I stated in a previous post, I have been working with investors on larger land deals, nice big stuff with huge back ends. Suddenly, a fund manager says" Hey Mike, who do ya know that could put together a portfolio of single family homes all in one area, and set up the property management too?

Well, squirt me down and call me Shirley. Didn't I gleefully walk away from this about 5 months ago?? But, after a bit more questioning, I realize I have a buyer who want to buy about 20 houses.. Better than a poke in the eye with a sharp stick! As my birthday luck would have it, I got another call from a contact who wants to do the same thing, about 20 at a time, and keep them coming..No kidding...

So its a very happy birthday for me, this is good news. I then have a article come out in Investors Daily.com and someone reads that, an ivestment firm in New York... and he too wants to purchase portfolio house deals in Central Fl.OMG...is this a joke...But apparently something has told these investors to get started....

I have promised my sanity that I would not go back to foreclosures. The emotional toll was really too much..All day long. everyone you are dealing with is depressed, and soon to be homeless people. It was really too much for my sensitive nature to deal with. ........Mothers with children going to be put into the street...constantly asking what can someone do for them...

It really got to be too much...\

But now, we will deal with only Bank Owned units...they will be cleaned out, and I can imagine that these homes have always been happy little houses, we will just have to deal with Mr Smiley Bank Special Assets Manager in his nice office.

It won't seem so bad when we just imagine that they all went up north to visit Aunt Patsy. Found a better job and won't need this home any more. So we will just think a happy thought, and maybe I won't see evidence of children with dreams lost, leaving homes and neighborhood freinds to move somewhere else quickly in the middle of the night.

Ok, the decision is made...Mike Norvell of Developers Capital Realty will be selling houses, (in bulk this time) again with an exit strategy of doing lease options for our investor partners. They will never see the homes, its just a great deal, this should be safer than stocks.

The main thing is investors are coming off the sidelines. Investors are saying lets pull the trigger. And its not like I had a problem with houses, it was the sadness of dealing with the families that tore me up.

I truely hope that the folks who have moved on from this bunch of homes have found a way to go. Lets hope the new families moving in to start over in these homes learn from the last ones that lost it all.

Lets hope