Can investors successfully flip real estate in these trying times? Has the economy turned around? The answers may not be as simple as you think. In the second half of the year, markets have been shifting. Most experts agree, that with low rates, and inventory going quickly, that there's definitely a lot of energy picking up in the real estate market.
I recently spoke to a local realtor in the Silicon Valley area, and he told me that more and more investors are paying cash for properties, and paying well above asking prices. This might be a good indicator that those who bought awhile ago, are now flipping their purchases to the highest bidder. What these current purchasers intend to do, I do not know.
Many are also saying that this is just another bubble and will burst soon. So why tie up so much capital into real estate thats in an upswing? Do you agree? What are your thoughts on the current market, and the direction its heading toward?
I recently spoke to a local realtor in the Silicon Valley area, and he told me that more and more investors are paying cash for properties, and paying well above asking prices. This might be a good indicator that those who bought awhile ago, are now flipping their purchases to the highest bidder. What these current purchasers intend to do, I do not know.
Many are also saying that this is just another bubble and will burst soon. So why tie up so much capital into real estate thats in an upswing? Do you agree? What are your thoughts on the current market, and the direction its heading toward?