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What would the economy do without real estate investors? After America’s housing crisis there were over $4 Million foreclosures. Thank to 28.1 Million real estate investors foreclosures were purchased, renovated, and rented out at affordable prices, thus helping to stabilize local real estate markets and increase buyer confidence. Additionally, because investors spend on average $7,500 per property for renovations, local economies benefited to the tune of over $9 Billion for local labor services and materials.
Source: here
