[quote=CA renter]When I refer to the ~40% being investors, I’m including the off-market stuff like bulk sales, bulk MBS purchases, etc… in addition to flippers, landlords, second-home “investors,” etc. Hundreds of billions of dollars (trillions???) are being transacted that we are not privy to. What we see on the MLS is likely a very small portion of what’s really going on, IMHO.
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Why are landlords who buy a property, hold it, rent it out, pay the mortgage, insurance, maintenance, etc in the same category as bulk sale buyers and flippers?
Disclaimer – I’m considering getting into the landlord business if I can find a deal that pencils. And I’d pay cash at the steps if it would get me a better deal. I’d be stupid not to consider trustee sales as a way of reducing my investment hit.
