Wednesday, October 3, 2012

expert tips on buying foreclosures rentals

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Tip from Experts on Fishing for Foreclosure Rentals Tips from the Experts
Fishing for Foreclosure Rentals

Gene Richards has acquired a portfolio of 38 rental properties in two states over the past 30 years — and is still fishing for foreclosures that cash flow — by focusing first on location and condition rather than purchase price. Richards was one of several experienced real estate investors from around the country we recently interviewed for insight on buying foreclosure rentals.
What they told us »
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Play Video: Daren Blomquist VIDEO MARKET UPDATE
Banks Flirting with Foreclosure Rentals

Banks are getting more creative in their quest to avoid the f-word with new deed-for-lease programs. CBS Evening News talks to one homeowner renting her former property back from the bank and interviews RealtyTrac vice president Daren Blomquist about the impact of such programs.
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