"Buy and Hold" Property Investors ?
Are you seeing more house investors buying to hold long term for rental income?
As we see the market for flipping hindered by prices being driven up (too high), we see an increase in the number of "buy and hold" investors in residential properties - the biggest increase being in single family homes.
The lack of other reliable income sources for those facing retirement is causing a lot of people to opt for the purchase of a single family house and then leasing it out long term.
As a hard money lender, we see many people using hard money investment financing to purchase their rental income properties.
What are you seeing? I'd really like to know how many investors, buyers, sellers, real estate agents and other lenders are seeing the same trend - mainly that of an increasing amount of property being purchased for no other reason than to create long term income.
Joffrey Long
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