Investors for rental properties are still growing their portfolios. They are primarily cash buyers that don’t care about inspections and are not conducting appraisals. The investment usually is long term.
Although investors that flip homes may now have a little bit of competition, they still have a strong presence in the market. Competition meaning that buyers today are willing to pay up, forgo inspections as well, and make the appraisal whole. They (the buyers) plan to live in the home, so paying up or putting elbow grease into a property in a low inventory market isn’t scaring buyers away.
However, overall, yes, it’s still a good time to be an investor. Since rental prices are also inflated it is easier/faster for the investor to recoup the extra dollars spent. It is also easier for the investor to flip a home after the renovation is completed as inventory is still at an all-time low.
No matter what type of buyer you are, call me. I work with investors, buyers and sellers. 609-577-5595.
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