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1. Calif. Firm Finds Niche With ‘Premium Properties’
- Wednesday, May 23, 2012
Investment firms nationwide are snatching up single-family real estate-owned (REO) properties, renovating and renting them, and then selling them to other investors.
This “house flipping” is seen as especially opportunistic in Memphis, where median asking prices are dwarfed by national averages and vacancies are widespread.