Phoenix Associates Land Syndicate (fka PBLSQ)

[Renavatio]

Right on the money Mr. Dec.

Plus there is a plethora of out of state investors coming in to buy "investment" properties using Go-Zone incentives. I know because I sell "doors" like these townhomes all day long to "equity rich" Californians and Baby Boomers looking for a higher ROI and the 50% depreciation tax break in the first year. It's great...the lenders are all about it because the risk of default is so low and these units typically cash flow immediately because they are cheap in the eyes of the buyer, can be paid down so much at purchase and can be easily rented.