The current shortage of foreclosed properties for sale that is pushing up prices is an artificial phenomenon, said Bruce Norris, principal of the Riverside-based Norris Group, which provides loans and advice to real estate investors. Don\’t buy homes on the assumption that prices will continue to rise and you can soon resell a house you buy at a profit, Norris cautions investors. \”I don\’t want them to get faked out into thinking the market is getting permanently better,\” he said just yesterday.
Investors beware
Norris Bruce
Bruce Norris is an active investor, hard money lender, and real estate educator with over 30 years experience. Bruce has been involved in over 2,000 real estate transactions as a buyer, seller, builder and money partner.
- The Norris Group
- Phone: (951) 780-5856
- Fax: (951) 780-9827
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1845 Chicago Avenue, Ste C,
Riverside, CA 92507