Published on Feb 28, 2013
The business of buying-and-fixing up and renting houses has long been dominated by local
mom-and-pop investors. But over the past two years its become one of
the hottest investments on Wall Street.
Dozens of pension funds, and private-equity firms, such as Blackstone and Colony Capital are racing to buy up homes in struggling markets.
And the newest twist? Theyre sometimes using money from foreign co-investors.
But, Some community groups are complaining. Institutional investor/owners are squeezing out local home buyers and mom and pop investors.
Tell us what you think. Follow me on Twitter @WoodworthCourt for all of your real estate and business news. For the Financial News Network Online, I'm Courtney Woodworth.
mom-and-pop investors. But over the past two years its become one of
the hottest investments on Wall Street.
Dozens of pension funds, and private-equity firms, such as Blackstone and Colony Capital are racing to buy up homes in struggling markets.
And the newest twist? Theyre sometimes using money from foreign co-investors.
But, Some community groups are complaining. Institutional investor/owners are squeezing out local home buyers and mom and pop investors.
Tell us what you think. Follow me on Twitter @WoodworthCourt for all of your real estate and business news. For the Financial News Network Online, I'm Courtney Woodworth.
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