Firm buys 700 homes in St. Louis area with unusual offer of easy cash

Image for article Firm buys 700 homes in St. Louis area with unusual offer of easy cash
News Source : STLtoday.com

News Summary

  • Truehold is one of the largest owners of single-family homes in the St
  • Louis region
  • It buys houses and offers to lease them back to the original homeowners
  • The company says it has acquired nearly 400 homes through such “sell and stay’ deals
  • But the strategy has faced scrutiny when used by other companies
ST. LOUIS COUNTY A new real estate investment firm has bought hundreds of homes here, touting an easy twostep transaction that lets residents stay in their homes as renters after they sell them.T [+17432 chars]

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