Build to Rent: As the number of foreclosed homes dries up in some markets, some investors are looking elsewhere for properties to turn into rentals. With the
rental market still strong, some investors are either buying finished single-family homes that they can use as rentals or even developing vacant lots to turn into rentals from the ground up, Apartment rents have been on the rise, increasing 11.3 percent since 2009, according to Reis Inc. Investors have turned a high number of single-family homes into rentals. As of last year, about 15 million single-family homes nationwide were rentals -- up from 10.8 million in 2005. See Mortgage Rates Reverse Trend, Heading Higher
No comments:
Post a Comment