Quote:
Originally Posted by Toymeister
Golf front, pool, bond, south of 44, full timer, not 'affordable' by most measures
No unsolicited offers
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Not surprised, my best guess is that they are targeting homes below a certain price point without bonds (can turn a profit renting), owned by part timers (higher probability of willingness to sell), north of 44 (not having to compete with high volume of new homes and available rentals)? Additional features such as pool would be a bonus if the home fits other criteria, as they would increase rental demand.
I suspect opportunistic investors are somehow downloading public data records and running it through an algorithm to identify potential sellers of properties that fit a target profile of profitable rental properties. They probably also do drive by’s of the identified homes and cross properties off the list that appear to not be well maintained. They then follow that up with a shotgun mass mailing strategy to their target market in hopes of uncovering motivated sellers willing to dump their properties quickly for cash in “as is condition”.
I could be wrong, but that’s what my sniff test tells me.