If you’ve been following the papers much lately – you know that there are several big hedge funds buying up a lot of the Tampa Bay short sales and foreclosures in our market. I work for one investor who is not a hedge fund, but buys some properties similar to what the hedge funds are […]
I have just received a brand new listing from Bank of America’s REO foreclosure department. This piece of property has a small existing structure (600 sq. ft.) on it that can easily be torn down. Zoned for business/professional offices. See full details below Great location on busy Gunn Highway!
While bank-owned foreclosure homes (also called REO’s – stands for Real Estate Owned) are plentiful in many markets, in some they are harder to come by. Take for example Pinellas County, where foreclosures account for just over 4% of the total market and thus they aren’t always easy for a buyer to get. Foreclosures sometimes […]
If you have been thinking about investing in real estate, now is the time. Because over 1 million homeowners were foreclosed on in 2010, the rental market has skyrocketed because those former homeowners now need a rental to move into. The rental vacancy rate (the share of rental housing that is vacant and for rent) […]