The Norris Group Blog

Craig Hill Loan officer (Full Bio) Andrea Jennings Realtor (Full Bio) Greg Norris Property Buyer for TNG (Full Bio)

Bruce is joined once again by the experts at TNG: Craig Hill the hard money loan officer, Andrea Jennings the agent, and Greg Norris the property buyer. Bruce and Craig discuss what Craig needs to see for those looking for a hard money letter, what mistakes he’s seeing in the market, how investors are buying, what risks not to make in a down market, and bulk buys. Greg and Bruce discuss the use of comps, pricing in a down market, how quickly prices are descending, how to figure out what a property is worth, how quick he’s gotten at repairs, how often auctions are spitting out deals, performance by auction companies, deficiencies he stays away from when looking at properties and the change in auction attendance. Andrea discusses selling what TNG buys, why price and condition are important, buyers in the current market, why there is lots of hand holding, and how picky they are about repairs.

The Norris Group officially started in 1997 when Craig Hill joined The Norris Group to open up the hard money loan division. Since inception, The Norris Group has added several team members including full-time Realtor Andrea Jennings and full-time property buyer Greg Norris. Together The Norris Group team has almost a century of combined experience.

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Craig Hill Loan officer (Full Bio) Andrea Jennings Realtor (Full Bio) Greg Norris Property Buyer for TNG (Full Bio)

To wrap up 2007, Bruce Norris takes some time to interview TNG team members Craig Hill (hard money loan officer at The Norris Group), Andrea Jennings (Realtor), and Greg Norris (Property Buyer). Together the four talks about what they’ve seen in 2007 and how quickly the market has shifted. Craig talks about how long he’s been in the business and how he came to work at TNG, what he’s hearing every day from investors calling in, why access to cash is important in this California real estate market, misconceptions in the marketplace, investors sitting on the sidelines in 2007 and 2008, the transition of deals, and recent auctions. Greg and Bruce discuss his background and what he brings to the table at TNG, recent real estate auctions, important skills to have, trustee sales, how he preps for a trustee sale, how title companies have made mistakes, target inventory, and how many home owners have equity. Andrea talks with Bruce about prices dropping, buyer babysitting, banks and appraisals, BPOs, repairs, REOS then and now, inventory numbers, change in agents’ attitudes, and misconceptions between investors and agents. They also warn of investors trying to play catch up 2008 and tie breakers.

The Norris Group officially started in 1997 when Craig Hill joined The Norris Group to open up the hard money loan division. Since inception, The Norris Group has added several team members including full-time Realtor Andrea Jennings and full-time property buyer Greg Norris. Together The Norris Group team has almost a century of combined experience.

Listen to Show