Liks many traders, I invest into real estate with the profits-- now, blackstone will be financing rental property owners up to $5 million a shot--- borrowing from the hedge fund, who understands risk, should make this game much easier for many of us. http://www.cnbc.com/id/101276543
Wonder if they will finance Detroit? Apparently Chinese are buying "2 Detroit houses for the price of a pair of shoes in Shanghai".
I doubt it, Their appraisal process focuses on the property and the rental history--- with a 50k minimum per unit.
You didn't think I was just kidding? At $40/house, the Chinese missed the boat. They WERE going for $1!