2018-01-01 Residential Department: Q&A: Doug DeShields, National Real Estate Investors Association
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Residential Department: Q&A: Doug DeShields, National Real Estate Investors Association: January 2018 (Click here for full report)
By Will McDermott, editor, Scotsman Guide Residential Edition | Real estate investors provide a vital serviceThe real estate investment industry is relying on financing more and more in the U.S., particularly in fix-and-flip transactions — where residential properties are purchased, renovated, and resold in quick order by investors looking to make a reasonable profit. The estimated total dollar volume of financing used for house-flipping hit a nine-year high in second-quarter 2017, according to Attom Data Solutions. Some $4.4 billion dollars of financed homes were flipped during second-quarter 2017, representing more than 35 percent of all homes flipped in the quarter — also an almost nine-year high. |