Thanks for the link, UCGal. It appears that “Fit Properties” is in the biz of forming REITS and may have no shortage of potential individual investors for distressed and fixer-type potential “flips.”
I myself wouldn’t mind making $$ in this way (on a smaller scale, of course) – even getting my “hands dirty.” Or buying and holding for rental income. I think to be successful at it one has to have an intimate “feel” for their target investment areas’ potential buyers and tenants, including knowing exactly what they would pay to buy or rent the property upon completion of the fix-up work.
I think now is a GREAT time to be in this biz for those who have the capital, contacts and know-how 🙂
