San Diego Real Estate Investors
REAL ESTATE INVESTORS...AND THEIR NEW LOOK.
(NAPSI)—It may seem surprising to some, but real estate investors can not only do well for themselves, they can do good for the community, too.
Back when the housing market went bad, investors got a lot of the blame. They were accused of taking on more properties than they could afford, which resulted in increased foreclosures. Now, however, investors are finding valuable opportunities and earning a more respectable reputation.
In several areas that were hit hard by the housing and economic recessions, investors are playing a key role in the turnaround. Many of today’s investors are ordinary people, simply buying a second home in their own neighborhood and turning it into a rental property.
So why the surge in real estate investment? These investors see the “perfect storm” of opportunity: historically low interest rates, attractive home prices and a great selection. The new breed of investor also removes many damaged and vacant properties off the market and makes much-needed repairs to improve the value of their investment and the neighborhood.
Because rental demand is strong, today’s investor can realize a positive cash flow and hold the property for appreciation over the long term. Also, Fannie Mae now allows financing for up to 20 properties for individual investors, in addition to financing that will cover both the property purchase and remodeling costs.
During any real estate downturn, all eyes fall on real estate investors. Their activity level often indicates how stable real estate markets are and signals other buyers when it’s a good time to make a move—typically when investors sense prices have stopped declining.
Investors are sending a strong message about their confidence in the current market by making up over 20 percent of all residential real estate buyers.