If you are planing to “get rich quick” buying rental properties, you have lots of company. About one-quarter of all home sales today are to investors!
That means that eventually there will come a time when all these “investors” want to sell their rental houses to cash in on their profts. That will inevitably lead the supply/demand curve to swing in the buyers’ favor and the housing appreciation train will come to a screeching halt.
Click the link below to check out the stats on investor home buying last year:
Some 23 percent of all home sales in 2004 went to investors.
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