When we say; Cash is King! All that means is that realestate Investors have the funds available to make a purchase. In today's market, private loans from IRA's, Pension funds are backing most Investor purchases. A 12-15% Tax Free return plus steady monthly Income is the norm.
Mathews Realty Group
R.E. Advisor/Investment Services
Self Direct IRA/Self Employed Solo 401K Specialists
Cash Is King in Today's Distressed Marketplace
The HousingPulse report notes that the increase in cash purchases last month paralleled a rise in activity among investors, who for the most part have their sights set on distressed properties that can be scooped up at a discount.
Investors bought 23.5 percent of the homes sold in February, up from 19.9 percent just two months earlier, according to the industry survey. Real estate agents participating in the HousingPulse survey of February transactions confirmed the surge in investors.
“There are a number of investors and businesses buying up the short sale and REO properties and renovating them and then selling them as traditional sales,” reported an agent from Arizona.
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