Investors see profits in buying and renting foreclosed homes

03/21/2012 | Reuters

As Fannie Mae prepares a test project to sell pools of single-family homes that are in foreclosure, investors are lining up for the opportunity to buy and rent them. Some say the demand, based in part on a strong rental market, could lead banks to offer pools of homes as well. But some are urging caution. The returns may not be as great as expected, and headaches can come with becoming a landlord, they say.

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