Appearing on CNBC on February 27th, Warren Buffett was asked what would be his top investment. His answer was “I sure think it would be buying distressed single family homes and renting them for the next five years.” See the summary of Warren Buffett’s comments online at CNBC.com.
We believe Warren Buffett knows something about investing. For the past 18 months we have believed exactly what he said on CNBC. The potential for high income from renting foreclosed homes, while waiting for the eventual increase in housing prices, offers investors a unique opportunity, safety and capital gains.