Foreclosure Investing Growing In US From Foreign Markets

Foreclosure Investments in US Foreign Buyers
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Foreclosure Investments in US Foreign Buyers

While there is certainly interest and demand domestically in America for foreclosure properties on the market, it seems interest is only building across the ocean. We caught wind of a press release that seems to tout the amazing investment opportunities in the US Real Estate market and the possible returns that are sitting there ripe for the taking.

Used as one of the pieces of advice in the press release was some quotes from Warren Buffet. Mr. Buffet was recently interviewed on CNBC’s Squawk Box and mentioned his feelings on the housing market and how he wouldn’t mind to invest on a large scale effort.

Mr. Buffet was quoted as saying, “If I had a way of buying a couple of hundred thousand single family homes and had a way to manage them…..i would load up on them.” It was also pointed out that with Warren Buffet saying that he had no self bias at the time because Berkshire Hathaway has little investments in the US real estate market.

The owner of the business offering these foreclosure opportunities as investments was quoted as saying, “”We are managing to secure family homes that are achieving rents of $900-$1200 per month for between $50,000 and $75,000 in quality cities where jobs growth is stimulating rental demand.” Phil Gerathy was talking about the Michigan market and he seems to have some connections to be able to land deals on the houses at $50,000 when average listing prices are pushing $200k.

The press release focused on the Australian investments they’re trying to perfect and build. If you live in the US and you’re trying to decide whether to invest in a home or in foreclosures, it’s probably a good sign that you should act if other groups from foreign countries are. Foreclosure properties are still out there but demand is certainly picking up almost nationwide.

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About Ella Jourgeson

Ella was recently an intern who checked all the articles for grammatical and spelling errors. She is now an all purpose writer filling in wherever we need help.

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