Investment properties now have a home on the Web with the launch of MLSInvestments.com, a free site offering access to detailed listing information.

The site included more than 600 properties valued in excess of $470 million at the time of launch, according to MLS Investments, an Internet-based real estate listing service for investment properties.

“MLS Investments gives users the option to include financial data such as property revenue and expenses in their listings,” said Joanne Conca, director of marketing and co-owner of MLS Investments. “As an investor, I know that financial data is critical to the decision making process for investment property buyers.”

On MLSinvestments.com, users can search for real estate investments, advertise their property listings, join an investor discussion forum, find real estate investment articles and tips, and locate service providers.

To encourage investors and real estate professionals to try out the service, the company is offering visitors the opportunity to advertise unlimited properties free of charge until April 1, 2005. All property listings include up to five photos. After April 1, visitors pay $14.95 per month or $150 per year to advertise an unlimited number of properties.

“This is an era where real estate investment is becoming more popular, but the unrestricted availability of quality property listing information has been lacking,” said MLS co-owner and California real estate broker David Conca, who came up with the idea for MLS Investments with his wife Joanne. “MLS Investments provides a solution, making the kind of detailed and dependable information that real estate investors need to make informed decisions.”

MLS Investments is based in San Jose, Calif.

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Send tips or a Letter to the Editor to jessica@inman.com or call (510) 658-9252, ext. 133.

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