(Save the date: RealShare Apartments comes to theWestin Bonaventure, Los Angeles, October24.)
IRVINE, CA-Now may be the time for those interested in buyinghomes for rental purposes to get into the market. According toRealtyTrac’s recently released ForeclosureNews Report, the high number of foreclosedproperties on the market, along with the wealth ofwould-be investors kicking tires, means the market could be ripefor this type of investment.
Joel Cone, a staff writer for the report, tellsGlobeSt.com that many homeowners are underwater and wouldappreciate investors seeking rental propertiescoming in and making them an offer. “An investor can come in andhelp them out of the distressed situation and geta property that will be a good rental property.”
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
