CHARLESTON, S.C., Oct. 24 /PRNewswire/ — 1-800-Sell-Now local affiliate and real estate entrepreneur Bobby Wallace says home improvement television should take the practice of ‘house flipping’ out of the spotlight since the real heroes of the real estate market correction will be those taking the Warren Buffet “buy and hold” investing approach.
Wallace who buys and sells properties each month and currently owns some twenty-two homes across the state, says more realistic television programming in the current real estate market would be one that focused on the basics of value investing in home buying.
“Day traders are now the true dinosaurs in the same way that the number of real estate speculators is declining every day. TV programs which celebrate the practice of house flipping should be packaged with some kind of advisory, ‘house flipping is extremely risky and can result in substantial financial losses in a very short period of time,'” he said.
He says the real estate market correction which has ejected a vast number of speculators looking to capitalize on flipping properties is very similar to how the financial markets eventually ejected day traders once profiting by speculating that their stocks would gain or fall in value for the seconds to minutes they owned them.
Wallace, a former financial planner, has built a profitable business of buying houses from sellers who either no longer wish to own or can’t afford their home. He also sells homes to those who can’t get credit or qualify for a loan through a bank or mortgage company.
1-800-Sell-Now, the principle subsidiary of REI Marketing, is a nationwide real estate lead generation company specializing in vanity numbers that create real estate leads through online and offline marketing. From a series of online brand equity tools to pre-produced broadcast TV, radio commercials, billboards and state-of-the-art routing systems that rotate motivated seller phone calls and online leads proportionally to each investor, 1-800-Sell-Now has developed an ambitious program to deliver a compelling home buying brand to the real estate market. For more information, please visit the real estate investor website at http://www.800sellnow.biz or the homeowner website at http://www.800sellnow.com.
NewsMark Public Relations
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