Like this partnership is going to work out any different… exactly how did they clean titles to these 5,000 units? Any conflicts of interest?
Perhaps they plan to get the rents paid via the government’s Section 8 program. Prey on the low income areas.
Bloomberg-
JPMorgan Chase & Co. (JPM) is giving its wealthiest clients the chance to invest in the single-family rental market after other investments linked to the U.S. housing recovery jumped in value.
The firm’s unit that caters to individuals and families with more than $5 million, put client money in a partnership that bought more than 5,000 single family homes to rent in Florida, Arizona, Nevada and California, said David Lyon, a managing director and investment specialist at J.P. Morgan Private Bank. Investors can expect returns of as much as 8 percent annually from rental income as well as part of the profits when the homes are sold, he said.
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
The heady days of debt peonage. Isn’t it charming when illegitimate authority rigs and plots in the background? When steerage refuses and otherwise goes on strike, refusing to rent any of these properties for example, we’ll have a peaceful revolution. Power is in the consumers hands.