Investors are betting big that the rental home boom will continue. Following the financial crisis foreclosers on th cheap and rented for a profit. Now they are looking to build and rent new because investors across the country are seeing the rental market is hear to stay due to the want to buy but still cannot afford to. They are also betting that the newer homes will bring higher yields around 5-8% higher returns with less repair costs needed. Still some industry analysis believe the landlord companies might be miscalculating this market because of the new home ownership that has increased in the 1st quarter of this year since 2006 and rentals have not. Here are some pros and cons of building an investment property rather then purchasing an existing property. https://youtu.be/JlqMyVuVBoE
Blake Papalia
Broker
Home Made Real Estate
