BOOK EXCERPT FROM THE BOOM AFTER THE BUBBLE: ANDREW CORDLE
enormous inventory and they’re buying it up right now, left and right. I keep track of my houses, because the
hedge funds are buying everything. But, over time, as the hedge funds begin to crack and purchases slow down,
and the money begins to run out, something must be done to get rid of that inventory. And a new window will
open.
How you and I, as individual investors, get ready for that window will determine how successful we will be in real
estate. My company is already watching and waiting to see what’s going to happen to that inventory. We will
need to have cash available, we will need to have our team on “standby,” and we will need to have the
contractors ready to work. So, right now, we are all about “buy, fix, sell,” but at the same time we are watching
and studying to see what will happen next with these large inventories. That’s the only thing we can do.
My personal opinion, and that of many other investors with whom I work, and investors that work with those
hedge funds, is that there will be a collapse. Just like in 2007-08, real estate will take another little dip, and those
individual investors who are ready to make money, who have looked ahead, foreseen the opportunity, and made
their business ready, will be found among the millionaires created by the collapse.
So, I encourage all individual investors to pay attention. Watch the hedge funds. Get ready; keep trying to make
money; keep buying, fixing and selling. But watch ahead, because three to five years from now, when the hedge
funds begin to crack and crumble, H