HOUSINGNEWS REPORT
SECTION TITLE
SPOTLIGHT
Rust Belt Rental Tour BY JOEL CONE, STAFF WRITER
Given the shortage of housing inventory in many parts of the country, real estate investors are looking for markets where they can still get discounted prices and steady cash flow even if it means conceding higher appreciation rates.
“We focus on the Rust Belt because there are so many foreclosure properties,” he said. “If you’re looking for a long-term gain, that’s the best place to be.”
AUSTIN KERR SVP OF ADMINISTRATION, EQUITY & HELP
Those markets can be found in spades in the Rust Belt.
investing and coaching company. “They’re going to research places to rehab and rent and that’s the Rust Belt. When there’s nothing on the coastline to invest in, people move to the Midwest. There’s a lot of out-of- town money here.”
The Rust Belt is the kind of marketplace that attracts investors not just from out of state, but from out of the country, according to Austin Kerr, SVP of Administration at Equity & Help, a Clearwater, Florida-based provider of
“In the Rust Belt people are still trying to be all in for 75 cents on the dollar for purchase and rehab,” said Josh Cantwell, CEO of Strategic Real Estate Coach, a Cleveland-based real estate
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NOV 2018 | ATTOM DATA SOLUTIONS
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