The downturn of the US economy has forced many to make huge changes in their lives. Life of almost every American has been affected during the period of financial depression. Many lost their jobs. Some others had to give away their homes due to foreclosures. But there are some kinds of people who have made positive use of this distressful time. Many investors associated with Ameraco Inc and other companies bought pre-owned properties at high discounted price.
Many of these owners rent out their properties to people who have lost their homes during the economic downturn.
Bright Prospect in the Market
Hedge fund and private equity firms are buying foreclosed homes in bulk. Data available about the pre-owned market show some interesting trends. Institutions and independent investors, many of them working with Ameraco Inc. and similar organizations, are showing keen interest in pre-owned properties. It has been noted that these investors buy more than 5 pre-owned properties in a year. This has also led to rise in the price of houses in areas where such practice is prevalent. Places where this trend has been observed are Phoenix, Los Angeles, Sacramento, Atlanta, Detroit and Las Vegas. Remember, these places were poorly affected by debacle in the housing market.
Rental Services
Since the economy has not fully recovered of the economy crisis, it’s hard to find buyers for these properties. Instead of selling away the properties, investors are hunting for tenants. Given the state of the economy, tenants are easy to get. Therefore, the investors are adding to their monthly income with the help of foreclosed houses. Though some scams against companies like Ameraco were reported, they were baseless and far from the reality on the ground.
If you have sufficient capital at your disposal, you must make use of this wonderful opportunity to invest in foreclosed properties. Investors associated with Ameraco Inc. and other real estate investment groups considers this time perfect to invest in pre-owned homes.
Many of these owners rent out their properties to people who have lost their homes during the economic downturn.
Bright Prospect in the Market
Hedge fund and private equity firms are buying foreclosed homes in bulk. Data available about the pre-owned market show some interesting trends. Institutions and independent investors, many of them working with Ameraco Inc. and similar organizations, are showing keen interest in pre-owned properties. It has been noted that these investors buy more than 5 pre-owned properties in a year. This has also led to rise in the price of houses in areas where such practice is prevalent. Places where this trend has been observed are Phoenix, Los Angeles, Sacramento, Atlanta, Detroit and Las Vegas. Remember, these places were poorly affected by debacle in the housing market.
Rental Services
Since the economy has not fully recovered of the economy crisis, it’s hard to find buyers for these properties. Instead of selling away the properties, investors are hunting for tenants. Given the state of the economy, tenants are easy to get. Therefore, the investors are adding to their monthly income with the help of foreclosed houses. Though some scams against companies like Ameraco were reported, they were baseless and far from the reality on the ground.
If you have sufficient capital at your disposal, you must make use of this wonderful opportunity to invest in foreclosed properties. Investors associated with Ameraco Inc. and other real estate investment groups considers this time perfect to invest in pre-owned homes.
RSS Feed