Question of the year: How do I find and connect with Hedge Funds that are buying in my area???

[Jerry Kisasonak]

Well here we go folks... Wall Street is moving in! This is likely the beginning of the next big run-up in real estate, and we're all looking to ride it up and capitalize on the irrational exhuberance that's sure to come. [b]How do I find and connect with the hedge funds who are buying up property in my area?

[Account Closed]

Here are some methods I have used to find and connect with the funds buying in my area, Chicago:

1. Search your County Recorder’s website to find properties they have recently purchased
- Do a “name” search of the funds you know are actively buying. You should be able to find the addresses or PIN numbers of the homes from the deeds.
- Some of the major funds buying right now include: Blackstone (aka THR, aka Invitation Homes), American Homes 4 Rent (AH4R), Colony Capital, Waypoint Capital, etc.

2. Use the MLS to find the buyer's agents (aka selling agents) they are using
- Once you have identified some of the homes they bought, use the MLS to find the closed listings. The name & contact info for the buyer’s agent should be there.

3. Go to your county’s Sheriff/Foreclosure auctions
- Funds are buying up everything at the Sheriff sales in my area. If someone there is buying an unusually large number of homes, they are likely bidding for one of the major funds.

4. Go to the fund’s website and look for a local office or phone number.
- Do a google search of the fund’s name. Some have websites setup where they list their rentals. They are also opening up local offices across the nation.

Here in the Chicagoland area funds have been buying pretty much anything under $250,000 in huge volume. They are buying: REOs, auction properties, short sales, estate sales, conventional sales, etc.