During the heyday of new home construction, builders and developers were transforming huge tracts of raw land into shiny new subdivisions rife with brand new abodes for the myriads of buyers that were eager to snatch them up as fast as they were built.
Those days are long gone, and now the tract builder has been replaced by entrepreneurs that see the glut of homes on the market as a business opportunity.
These savvy entities purchase distressed properties by the dozens, and restore them back into a marketable product that can either be sold at a profit or rented for significant positive cash flow.
And rather than letting idle cash sit in banks drawing less than one percent interest, many investors are arming these businesses with ready capital that can be dramatically grown.
What once was a smattering of individual flippers is now an expansive industry of reclamation corporations that are rebuilding neighborhoods all across the country.
It’s the new builder/developer model of 2011, and it’s good for America!