Wealthy investors plan to buy thousands of U.S. foreclosures

A growing number of well-financed investors in the U.S. aim to buy thousands of foreclosed single-family homes and renovate them to become rental properties. Waypoint Real Estate Group, one of the first companies to pursue the strategy on a large scale, plans to buy 10,000 to 15,000 more foreclosed houses by the end of next year.

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