As in all aspects of business, there are risks in buying loans, but in interviews that took place during the fourth annual RealShare Distressed Assets Conference, it became clear that for those with strong constitutions, there’s money and growth to be made. The RealShare Conference Series is produced by the ALM’s Real Estate Media Group, which also publishes Real Estate Forum and GlobeSt.com.
In an interview with Bob Kline, principal and CEO of RW Kline Cos., he told GlobeSt.com that the growth is there, and he sees the market expanding easily for another two to two and a half years, for paper backed by assets of all stripes and located all over.
In fact, his shop alone did $356 million in Q1 alone and is eyeing a $2 billion year. “And what we can’t sell, the lenders and servicers will convert to REO,” he states.
Read more...GlobeSt.com - Inside Note Sales—Growth Ahead for Strong-Willed Players - Daily News Article
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