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No investors are paying cash for homes. The entire real estate game is about maximizing leverage with the massive home loans you can get.
by HDThoreaun 3y ago
No investors are paying cash for homes. The entire real estate game is about maximizing leverage with the massive home loans you can get.
- metamet 3y agoThey absolutely are. I have multiple friends who received cash offers from investment companies when selling their homes. It's fairly common and well known. "We buy houses" companies are everywhere. It's their entire strategy.
- HDThoreaun 3y ago"cash offer" here means they already have the loans lined up.
- metamet 3y agoThey may have lines of credit, but they aren't taking out a mortgage--especially in the same market/rates that are available to homeowners. REITs and other investors will often pay cash, especially when it's a residential unit they look to either rent or flip.