"Historically-low mortgage rates and escalating rental income rates make real estate investing a favorable strategy," said Michael Hobbs, SRA, RAA, LEED GA, President of PahRoo Appraisal & Consultancy
Oak Park, Illinois (PRWEB) February 04, 2013
Single family real estate investing has become one of the hottest topics for both Main Street and Wall Street. On Wall Street, the strategy is known as REO to Rental. Yet on Main Street, the strategy is simply known as investing in rental housing. On Tuesday night, learn from local Chicago and Oak Park expert, Erica Cuneen about how to profitably invest in real estate and benefit from working with experienced partners like Cherry Picker Investments, a specialist in the real estate auction investment business. Chicago continues to be one of the slowest moving states, with the average foreclosure process taking nearly 700 days. In 2012, foreclosure activity in Illinois rose 32.6% compared to 2011. It is not surprising with all this foreclosure activity that the market is not quickly rebounding. Corelogic estimates that approximately 1 in 4 homeowners, or nearly 25% of all Illinois homeowners are underwater.
Erica Cuneen, Managing Broker of Beyond Properties Realty, continues to bring innovative and profitable real estate investing ideas to her experienced investors. "We are always looking at different investment opportunities and strategies and foreclosure and auction investing is quite intriguing," she said regarding this Tuesday evening's meetup.
The meetup is February 5, 2013 at 6pm Dole Library in Oak Park for her Real Estate Investors and guests to focus on Foreclosure and Auction Investing. Dole Library is located at 255 Augusta St, Oak Park, IL 60302.
Since beginning her real estate career in 2001, Erica Cuneen has been a top-producing agent and consistently sells at the multi-million dollar level. With primary markets in Chicago, Oak Park, Forest Park and River Forest, Erica has experience with varied markets and a diverse group of clients. As an environmentally conscious professional, Erica is a certified EcoBroker. and highlights green and energy efficient features for her sellers' property to achieve superior market performance.