Investment home sales surge (Crain’s Cleveland Business)

Trend of buying single-family houses for rental “only going to get bigger,’ one local broker says.

Eric Frey moonlights from his full-time small business by operating Multiples LLC of Medina to tap what he sees as an attractive residential real estate market. Through Multiples, Mr. Frey so far in 2012 has bought three single-family homes to rent and plans to buy six more by year’s end. The houses — mostly small ranch homes in Akron or its suburbs — will join a portfolio of 11 homes …

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