Only a couple of years ago, house flippers reigned supreme. However, as the housing market collapsed and home prices plummeted, many of these savvy investors had to retreat and wait for better times to arrive.
According to a CNN Money report, those times exist now. Also known as “vulture investors,” real estate investors have returned to take advantage of cheap house prices (they have dropped as much as 70 percent) and record-low mortgage interest rates. This time, instead of flipping homes as they did in the past, they’re buying low-cost or distressed properties and renting them until home prices increase again (CNN Money).
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