Investors Who Bought Foreclosed Homes in Bulk Look to Sell

A year ago, buying foreclosed homes to rent out was the sure-thing trade for investment firms backed by money from private equitycompanies, hedge funds and pension systems. But with the supply of cheap foreclosed homes dwindling, some early investors are looking to cash out a bit by flipping homes to competitors.

The Waypoint Real Estate Group, one of the first companies to raise money from private investors to buy foreclosed homes, is quietly shopping as many as 2,000 houses in California that it acquired in the last few years in several private investment funds read article