With foreclosures dwindling, investors turn to direct buyers for new single-family rentals
November 30, 2018 / essica Guerin
In the wake of the housing crisis, institutional investors became some of the biggest buyers of foreclosed homes, buying the properties on the cheap and turning them into single-family rentals. Now, with foreclosure inventory shrinking, investors are turning to a new outlet to buy homes to turn into rentals, direct buyers. Direct buyers, or iBuyers as they're sometimes called, are companies that buy homes directly from homeowners with all-cash offers.