[quote=jpinpb]”I can tell you where all the foreclosures have gone – BULK SALES. Investors, hedge funds and management companies are buying these properties in packages from 20-100mil. These packages have anywhere from 50-200 SFR in them. Typical pricing is apx .68 to current value. No one wants to believe it here, but the bottom is closer than people realize. ”
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I hope this is not true. That is exactly the price I am looking at for a rental property down the road: 30% off the current value.
