Comments on: Some Hedge Funds Throwing in Keys as “Landlords” http://blogs.reuters.com/unstructuredfinance/2012/10/18/some-hedge-funds-throwing-in-keys-as-landlords/ Where Wall St. and Main St. intersect Fri, 22 Nov 2013 23:06:16 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: splareme http://blogs.reuters.com/unstructuredfinance/2012/10/18/some-hedge-funds-throwing-in-keys-as-landlords/comment-page-1/#comment-126 Fri, 26 Oct 2012 17:38:14 +0000 http://blogs.reuters.com/unstructuredfinance/?p=961#comment-126 The numbers do indeed work, but only in certain locations. We are the guys on the street doing the work for the big funds in Los Angeles. These are the real life, right now, numbers in LA. Yields of 6%-8%, purchase price 88%-93% of now market value, rent up time 30 days or less, market appreciating at 3%.

This is all being accomplished buying houses one at a time. Anyone can do it with the only caveat being the buyer must buy cash to compete.

The key to success is market knowledge.

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