All Forum Posts by: Jerry Powers

Welcome, Henry! Have you received any real estate investing education over the past 3 years? I would like to hear what areas of REI interest you.

I am needing help from my fellow Real Estate Investors. I am currently a Marketing student at Oklahoma State University. The final team project for the class is to complete Marketing Research for a company. Therefore, my team is helping me with getting my new Real Estate Investment Analysis Software business launced - depending on results from a national survey.

I have a very short window to get this completed! I emailed a list of 500 Real Estate Investors through InfoUSA. However, I received 0 (zero!) responses! And our team is meeting tomorrow morning - Saturday, November 31st to start writing our final report and analyze survey responses.

Therefore, I have added an incentive of entering respondents' names into a drawing for a Visa Gift Card if the survey is completed within the next 24 hours.

Looking at the previous responses (from other sources), it appears to take only about 5 minutes to complete the survey.

Do you have 5 minutes to spare? Please consider taking the following survey:

http://okstatebusiness.qualtrics.com//SE/?SID=SV_5mA8sQssE5dBMWN

Thank you!
Jerry A Powers

Joshua,

I am really hoping that you or someone else will have a good explanation to my question about the report. As a Real Estate Investor and current college student enrolled in a Marketing Research class, I asked my professor to take a quick look at the report to provide his opinion. As I calculated, it appears from the 28.1 million Real Estate Investors, approximately 6 million are considered to be active. However, the question that my professor posed goes a little deeper. While he had good things to say about the company who performed the survey, following is the question that has me wondering about the final results:

"Perhaps it's just me but I'm having a hard time reconciling what the term "residential real estate investor" means. Take a very simple example: According the Census data, there are 130 million total housing units in the U.S. and 755,000 of those are "extra units" classified as for investment purposes ( http://www.census.gov/prod/2011pubs/h150-09.pdf ). How can there be 28.1 million residential real estate investors with so few "extras" in play? Am I, as a home owner, a residential real estate investor? Something is not fitting together for me."

Please educate me as to why the numbers don't fit, because I would really love to see that 6 million active real estate investors is an accurate number.

Thank you,
Jerry A Powers

Upon researching this topic for my college paper, I had to find the NAICS Industry Classification Code for Real Estate Investors. I couldn't find an NAICS code specifically labeled "Real Estate Investor". However, I found a SIC Industry Classification code of 67999905 - Real Estate Investor. Cross-referencing this to the NAICS code system it supposedly matches up to NAICS 523910 - Miscellaneous Intermediation. It is interesting that this code is withing the "Finance and Insurance" sector of the IRS instead of the "Real Estate" sector.
Therefore, to determine the size of the Real Estate Investor industry, you have to look at both the Real Estate sector for the landlords and the Finance and Insurance sector for the flippers and rehabbers.

Let me know if you agree and if you have any further suggestions for getting to this answer.

Have you, or anybody else, contacted the National Real Estate Investor Association to ask them if they have this information? I would like to find out the same information but I'm not certain who might have it.

I am working on a team project for a college class that is due in about 3 weeks and I need to get this information with good source information.

Thank you!

You can send me the calculators and I will take a look at them.

I've created a program for my own use that I evaluate deals. It includes an analysis for Sandwich Lease Purchase possibilities. Again, it's just for my own use and I don't plan on selling the program but I have a good understanding of Lease Options and Excel formulas.