Smart money

PUBLISHED : Monday, 13 February, 2012, 12:00am
UPDATED : Monday, 13 February, 2012, 12:00am


Some useful resources for investing in distressed US real estate:

For delving into all aspects of the beleaguered US real estate market, it's hard to beat the National Real Estate Investor site. Coverage of the latest funding activities of major real estate funds will give you an idea of where money is heading. The borrower trend survey offers an authoritative snapshot of lending patterns and a prediction of each year's credit direction. Financial and market inventory studies are useful, as is its coverage of real estate brokers and their selling strategies.

You know times are tough when a foreclosure auction site lists US foreclosure statistics in (near) real time. The site is broken down into categories such as bankruptcies, sheriff sales and pre-foreclosures, giving readers a sense of the deal flow and carnage. This site claims to be the US' largest broker of distressed properties, with close to two million listings nationwide. Its source is a vast network of lenders, government agencies and sellers. Filters and e-mail alerts allow buyers to search and find specific properties by state, type and size.

Go to the real estate section of this site. It offers tweets and RSS feeds with streaming mini-tutorials on distressed real estate terminology, negotiation tips and news on distressed property sales - for free. AGBeat takes on the subscription sites with information that is relevant to the real estate investor, professional and businessperson.