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Forbes: 12 Unusual Housing Trends to Track in 2013

The Silent Landlord

Unlike the house-flipping frenzy of the real estate bubble, many real estate investors (comprising roughly a third of the buyer pool) acquire homes, fix them up and rent them out for a monthly profit. Companies like national francise HomeVestors and Chicago-based MACK Cos have popped up to offer passive investors a crack at the market, too. Typically these companies buy distressed single-family homes, fix them up and secure vetted renters. They then sell the rented property to individual investors and in many cases stay on to manage the property for a small cut of the monthly rental income. MACK Cos guarantees a positive cash flow for two years and, piggybacking on the alternative lending trend, will finance 60 percent of the purchase price with a five-year balloon mortgage.

(Getty Images)

More from Forbes:
Biggest Billionaire Home Sales of 2012
America's Friendliest Towns
20 Strange and Unusual Homes for Sale and Rent



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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