Nope.Corporations have been buying homes for years. They're called banks.
Nah, our boy @Getzlaf15 buys properties. They are buying to hold.You mean like an LLC that buys a home, refurbs it, then flips it three months later, hopefully at a nice profit?
Corps bought the vast majority of foreclosures after the crash. One of the reasons for the lack of inventory everywhere these days as they are not selling because their rents are high and keep going higher.Nah, our boy @Getzlaf15 buys properties. They are buying to hold.
So transfer of wealth. From 2008.Corps bought the vast majority of foreclosures after the crash. One of the reasons for the lack of inventory everywhere these days as they are not selling because their rents are high and keep going higher.
But good or bad?Corps bought the vast majority of foreclosures after the crash. One of the reasons for the lack of inventory everywhere these days as they are not selling because their rents are high and keep going higher.
yep. Would have been awesome to have $10 mil back then and buy a 100 homes for $100k each and now have them worth $200k and have $150k per month in rent coming in each month.So transfer of wealth. From 2008.
Company around here purchased their properties in the last 2 years.yep. Would have been awesome to have $10 mil back then and buy a 100 homes for $100k each and now have them worth $200k and have $150k per month in rent coming in each month.
IMO, very good. Them buying up all those foreclosed homes enabled the economy to recover faster. I got slammed hard by the downturn and had to short sell my home and move and down size back then.But good or bad?
Always a good idea to buy RE and hold it forever. Rates are still low to cash flow well. If they are buying cash, returns are even greater.Company around here purchased their properties in the last 2 years.
Made me move cause neighborhood went to hell but...IMO, very good. Them buying up all those foreclosed homes enabled the economy to recover faster. I got slammed hard by the downturn and had to short sell my home and move and down size back then.
All the new renters made it go to hell?Made me move cause neighborhood went to hell but...
Well, there was a covenant that all single family homes owned for 20 years. Once it expired, yep.All the new renters made it go to hell?
get off my lawn.No one ever parked on the street, then you got a house with 4 cars parked on it, then people parking trailers in the front yard, doesn't take much.
If it was renters before and renters afterwards, no difference.All the new renters made it go to hell?
Looks most likely like a subsidiary of Amherst. Not exactly a hedge fund, but basically the same thing except they are almost entirely focused on residential real estate. They own something like 20,000 rental properties across America.Safari one asset company.
https://taxpay.johnstonnc.com/TaxPayOnline/prod/?CFID=2077274&CFTOKEN=19b01caefa3ac30-28534DB8-5056-9124-31C9346A9ABE0CFC#
This link won't go to search but they have 25 homes in that county.
https://services.wakegov.com/ptax/main/billing/NameBrowse.aspx?search=bus&yrs=2&bus=Safari+one