By:
Esther Cho, DSNews.com
A
survey from the California
Association of Realtors (C.A.R.) revealed preferences and strategies
of a typical California investor.
For
the most part, investors in the Golden State plan to keep their purchase for at
least a year.
According
to the survey, 26 percent of investors who worked with Realtors over the last
12 months before April 2013 said they intend to flip the property within a
year, while 66 percent plan to keep the property for more than a year as a
rental. However, three-fourths of investors plan on retaining their property
for less than six years.
About
75 percent of investors were in the “mom-and-pop” category, meaning they own
one to 10 properties, while just 6.6 percent of investors own 11 to 20
properties, and 4.8 percent have 50 to 100 properties.
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