Is it too late to be in the game? Of course I’ve written before about how
investors and private equity funds are scooping up much of the single family
home market across the country and turning them into rental homes.
It is indeed a strong time to buy as an investor, however if
you plan rent out these properties it could be a bit more complicated. Former Wall Street analyst and now cofounder of
Sylvan Road Capital LLC, Oliver Chang says, "It pains us to say this, but
there are going to be some failures, so it's probably important to know exactly what you're
advises investors to know which strategy they are going with, whether it is
through an REIT or buy homes for themselves.
His strategy with rentals is to manage and maintain all his properties
in house, thus keeping costs down and leaves room for a higher yield. He strongly suggests that banking
appreciation is not the savviest plan either.
Blomquist, vice president at RealtyTrac says, "If you're
looking for that bottom in the market, you've missed it in those places,"
especially in most of California, phoenix, and Las Vegas.
suggestion was to concentrate on judicial states, they still have a steady flow
of foreclosures due the backed up court systems. Maryland, Pennsylvania, New Jersey, Palm Bay,
Fla.; New York; and Chicago were among the top markets to take advantage of
investing in foreclosures.
De Los Monteros of Cherry Picker
Investments, based in Chicago, says, “I find that new investors are still
emerging into our market almost on a daily basis. Their biggest concern is, can they still find
the properties they desire at a price that makes sense. The answer is, yes. CPI is a firm that strategically works with
investors in accomplishing that goal. We
are one of the largest buyers out there representing numerous investors. We have the technology, the man power and
over 2 decades of auction purchasing experience. No one does what we do at auction, or at the
pace we do it.”