Power Properties Flourishes Amidst Real Estate Investment Boom
The Current Trend in Real Estate Is One That Favors Investors With the Means to Buy, Refurbish, and Manage Chic Urban Residences -- and in This New Realty Environment, Companies Like the Dallas-Based Power Properties Are Flourishing
(firmenpresse) - DALLAS, TX -- (Marketwire) -- 04/26/12 -- Even as the economy shows some beginning signs of slow-moving improvement, the real estate market is, in many ways, still languishing. Housing prices are down by nearly a third from their peak, and foreclosures flood the market. While these may initially seem like signs of a stagnant real estate market, however, there are some who are benefiting greatly from current market conditions. According to , now is an ideal time to be a real estate investor -- and companies like the Dallas-based Power Properties are truly thriving in today's realty setting.
According to the article, the low housing prices and large number of foreclosures are actually good things for real estate investors, as well as for prospective renters. The article highlights the fact that many investors are making a fortune by snatching up abandoned properties, revitalizing them, and then managing them as chic, redesigned rental properties in heavily populated areas. The article even highlights one investor who has made it a habit to purchase numerous properties per day, and then turn each one into a revenue-generating rental.
And the man cited in the article is hardly the only one reaping the rewards of current market conditions. Braden Power, co-founder of , says there are many people who stand to benefit from the present real estate forecast. "With properties coming at such low prices, as well as so many foreclosures on the market, it's a great time to invest in real estate," Power notes. "And by investing in a low-priced property, refurbishing it, then managing it as a boutique rental, you're offering potential residents something that benefits them, as well."
Power founded Power Properties with brother Craig in 1990. Since then, the two have become widely heralded as real estate development leaders in the Dallas area. The two have jointly purchased, renovated, and managed more than 565 residences within 43 buildings, all within the downtown Dallas area. Power Partners is known not only for its savvy real estate dealings, but also for the refurbishment and urban renewal it has brought to the Dallas area.
Power's assessment that all parties benefit from these kinds of real estate developments is affirmed by the CNBC piece. The article stresses the fact that investors can make great returns on their rental properties, and that investing in properties now does, indeed, make sense. At the same time, the article notes that refurbishing older buildings and providing new residences is a great way to breathe new life into areas that have been hit the hardest by economic tumult.
"A lot of urban areas have really suffered as our nation's economy has languished. has witnessed this effect in Dallas, but we know it is happening all over," Power concludes. "However, we also know that investing in real estate, and fixing up older properties, is an important way in which we can play our part in the recovery."
ABOUT:
Power Properties was founded in 1990 by brothers Braden Power and Craig Power. The two brothers have jointly purchased, renovated, and managed hundreds of residences throughout the Dallas area. The company's goal is to breathe new life into urban Dallas, while also helping residents view their living environments in new ways.
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Datum: 26.04.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 139438
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DALLAS, TX
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