Are you a cash investor? Think about investing on the east coast!
Real estate investing, and cash investors, abound on the east coast. The market share captured by cash investors in several areas of Florida outnumber entire western states 3 to 1. 7 metropolitan areas in Florida are found within the top 10 nationally for this statistic; i.e., the economic influence cash investors yield throughout Florida is well above the national median.
In general cash purchases are higher across the eastern states. The higher opportunity in Florida for buying real estate as a cash investor is apparent. The statistics point to this conclusion specifically. Their method of foreclosure should be considered. This influences which type of buyer ultimately purchases a property.
Check out this figure and let me know what conclusions you draw?