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Palm Springs California Area Real Estate

Wednesday, August 11, 2010

Real Estate Flippers Become Landlords

In the market today serious real estate investors are changing their strategies and many are buying real estate as a longer term investment. More flippers are moving into the rental market for the foreseeable future. This great article from CNN/Money is very accurate and I thought you would enjoy seeing it.



NEW YORK (CNNMoney.com) -- These are the glory days of the residential real estate investor. Low prices, rock-bottom interest rates and stable rental markets have created huge buying opportunities.

"It's awesome right now. I don't think we'll ever see another time like this," said Tanya Marchiol of Team Investments, which has operations in about 10 states but focuses mostly on the Phoenix market.

Read More at CNN MOney
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1 comment:

  1. Manhattan Beach AgentJuly 30, 2011 at 5:17 AM

    Many markets are reaching a sweet spot with respect to rental rates, rental growth rates, and property values. Increasingly attractive cash-on-cash yields coupled with low transaction volumes, are making buy and hold strategies more popular.

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