USA Today reports: “The share of home sales involving all-cash transactions was 26% in January, up from 18% a year earlier, reports the National Association of Realtors. The figures come from a survey of members about their most recent transactions. Many home buyers also are paying cash, but investors are largely using cash so they can avoid paying interest charges on loans and get a larger return on their investment.”
Investors are snatching up homes that would typically not be available and turning them into rental properties. In some cases, an investor is able to do minor repairs and then quickly rent the home and immediately enjoy profits from his investment. If you are seeking new investment properties or need management for your current properties, please contact our office at 858-997-2100.
