Private Equity Buying U.S. Foreclosures for Hot Rentals Net 8%: Mortgages - Bloomberg
Ken Major climbs the steps of a county courthouse in a San Francisco suburb with $500,000 in cashier’s checks in one hand and a list of addresses in the other. Major is a buyer for Waypoint Real Estate Group LLC, an Oakland-based investment firm that’s scooping up foreclosed homes in California.
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