I recently came across the WBH Commission for cash home buyers. It is a body that aims to improve transparency and good practice within the real estate investing community.
Anyway, I signed up for it.
I like what they have to say and what they stand for.
They don’t expect much from me except that I try and be a better real estate business each and every day.
They have a mission of creating more transparency and honesty within the cash home buyers world and real estate investing in general. I think I am already above the board but want to help out this kind of thing as I come across too many people that aren’t.
Just the other day I was in a group where this guy was bragging about how he “stole” (he used the word stole) $160,000 in equity from a recently retired gentleman in California. Now while a deal is a deal and it was legal I must question if that was ok morally. I know we all need to pay the bills but that $160K would make a huge difference for him. Maybe the investor should have been ok with 100K – still a fantastic deal – or even 50K and let this guy keep his life savings in the form of equity to a more fair degree.
I know it’s a free market and all and it was legal but I still have to ask.
I do expect to feel the wraith, get a bunch of dumb comments and eyeballs from certain figures within the real estate investing community but I reckon the WBH and REI Commission is a step in the right direction to make the world a better place.
What do you think?
If you want to know if I’m legit I am a Denver-based investor and have been for 15 years. that link goes to my sight – it’s not a backlink thing – I have plenty of authority without trolling for Reddit no-follows.
Love to hear your comments.