What is Motivating Distressed-Property Investors?
Industry Update
May 5, 2021
Source: DS News
A significant portion of investors who purchased homes in foreclosure this year refurbished the property and rented it back to the occupant, preventing eviction, according to a report from a large online distressed-real-estate auctioneer.
The majority of investors who have purchased a distressed property during the first quarter of 2021 via the online marketplace Auction.com have rehabbed and resold it to owner-occupants, Auction reports in its Q1 2021 Buyer Insights Report.
“Rehabbing and reselling to owner-occupants was the primary investing strategy for 57% of buyers,” Auction reported. “Meanwhile, 38% of buyers said their primary investing strategy involved acquiring investment property as rentals. Among those rental investors, 62% said that they have rented back to current occupants of occupied homes.”
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