play the rental market? This is GREAT NEWS!!!

D

di0genes

Liks many traders, I invest into real estate with the profits-- now, blackstone will be financing rental property owners up to $5 million a shot--- borrowing from the hedge fund, who understands risk, should make this game much easier for many of us.

http://www.cnbc.com/id/101276543
 
Wonder if they will finance Detroit?

Apparently Chinese are buying "2 Detroit houses for the price of a pair of shoes in Shanghai".
 
Quote from Scataphagos:

Wonder if they will finance Detroit?

Apparently Chinese are buying "2 Detroit houses for the price of a pair of shoes in Shanghai".
More...

I doubt it, Their appraisal process focuses on the property and the rental history--- with a 50k minimum per unit.
 
Quote from di0genes:

I doubt it, Their appraisal process focuses on the property and the rental history--- with a 50k minimum per unit.
More...

You didn't think I was just kidding?

At $40/house, the Chinese missed the boat. They WERE going for $1!

:D
 
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