rising of home prices: Investors Encouraged by Housing Market Improvements - 08/25/14 02:20 AM
With continuous rising of home prices, more investors are flipping properties instead of renting them, a lucrative strategy when the housing market is doing well. This year, 28 percent of investors flipped property, up from 20 percent last year. Thus few investment properties were rented. More than 55% of investors intend to keep the property they purchased for less than six years and more owners manage their properties themselves.
 
More than 67% of investors paid cash for the properties and 86% of those who financed their purchases did it with a bank loan. The average down payment went down from … (1 comments)