MACK Companies was recently featured in an article written by Amy Hoak for MarketWatch. The article talks about how investing in single-family homes is becoming a driving force which is stabilizing home values in communities across The United States. At the same time, institutional investors can see value in foreclosures that can be given new life as rental properties. The article goes on to speak about how average investors may be able to get a piece of the action as some companies may create publicly traded real-estate investment trusts, more commonly referred to as REITs, for single-family rental homes. This is not surprising given that, publicly traded REITs include those based on apartment properties as well as retail, office and industrial space.
MACK Companies believes that there is simply more to investment real estate than finding the lowest price and best location. In fact, price is not even the most important criteria to a successful real estate investment property. Our CEO and president James McClelland believes that at the heart of every successful real estate investment is a great tenant. MarketWatch spoke to Mr. McClelland about how one goes about finding a good tenant for your rental property and he had this to say “A good tenant in a bad location is better than a bad tenant in a good location.”
Buying foreclosures to turn them into rental properties is tricky business. Mack Companies, a Chicago real-estate firm, invests in about one out of every 40 homes it inspects. MarketWatch’s Amy Hoak looks at why some make the cut and others don’t
Well, at least it feels that way anyhow. Why you ask? Not only has MACK been featured on Forbes and The San Francisco Chronicle’s websites, others have been quick to follow suit by re-running an article we wrote that’s been viewed by over 728,000 people on the key to successful real estate investments.
Recently, Martekwatch, the Wall Street Journal’s daily online news source wrote an article
about why real estate deserves a spot in ‘your’ investment portfolio.