Now may be the time for those interested in buying homes for rental purposes to get into the market. According to RealtyTrac’s recently released Foreclosure News Report, the high number of foreclosed properties on the market, along with the wealth of would-be investors kicking tires, means the market could be ripe for this type of investment.
Joel Cone, a staff writer for the report, tells GlobeSt.com that many homeowners are underwater and would appreciate investors seeking rental properties coming in and making them an offer. “An investor can come in and help them out of the distressed situation and get a property that will be a good rental property.”
Read more...GlobeSt.com - Market Is Ripe For Buying Foreclosures as Rentals - Daily News Article
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