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Consumer Groups are working hard to put you out of business!
By John Grant
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| John Grant | | The National Association of Responsible Home Rebuilders and Investors (NARHRI) has recently become aware of several states that are prepared to introduce legislation that could regulate the real estate investing industry out of business. The legislation would restrict investors from purchasing homes in foreclosure and restrict the utilization of subject-to and lease/option transactions.
Colorado and Illinois are the latest venues for this legislation. Legislation restricting the purchase of homes in foreclosure and subject-to and lease/option is expected in the following states (and likely more to come): California, Colorado, Florida, Georgia, Illinois, Massachusetts, Michigan, Nevada, New York, North Carolina, Ohio, Oklahoma, Virginia, Washington and the District of Columbia.
This is a direct result of an organized, well-funded, national campaign orchestrated by consumer groups. The only rational response to this is an organized, well-funded, national campaign that represents the interests of the real estate investing industry. Trying to fight the well-orchestrated consumer group campaign like a disorganized insurgency hurts the industry as a whole and has absolutely no chance of long-term success.
I am encouraging the entire industry to organize under NARHRI and let us lead the effort to stand up for the industry. If the industry supports NARHRI, we can get our lobbyists on the ground in the states. If the industry supports NARHRI, we can hold meetings with the Attorneys General to educate them about the industry. NARHRI has the infrastructure ready to go, we simply need the membership and funding to support it.
. . . Every HomeVestors franchisee needs to support NARHRI. Your state may not be at risk right now, but eventually it will be. Some states have already lost battles that hurt our industry – don't let it happen in your state. Get involved. Visit www.narhri.org and join now! . . . John Grant is the Executive Director of NARHRI. Contact him at 202-378-2308.
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