Investors are Jumping into the Rental Market

According to Greg Rand, CEO of OwnAmerica, rents are rising faster than last year, so now is the time to purchase an investment property.  Property values and interest rate are at an all time low, along with a 5.17% annualized growth rate for rents, makes this a good formula for a sound long-term investment.  There are 1.4 million new renters this year, which means apartment construction hasn’t been able to keep up with demand.  Many former home owners are looking to rent a single family home, so demand is at a high.

April’s survey by Realtor.com found that by a three to one margin, investors plan to be
more active in their local markets compared to typical homebuyers in the next
24 months, and 69 percent of investors say it’ll be easier to find properties
in the near future.  59% of investors are newcomers to the real estate world.  33% say they will purchase another property in the near future.

Author of “Crash! Boom,” Rand argues that even in the Great Depression, owning real estate was always better than not owning real estate. Holding real estate for the long
term has always been a formula for success and most family wealth has been
accumulated by purchasing real estate and keeping it in the family for many
generations. Real estate plus time usually equals success.

There are 6 million people who went from being owners to being renters, Rand
says. “The stars are aligned to make this the best time in modern history to be
a landlord,” he wrote in his book.

Are you thinking about investing in Real Estate?

Advertisements

About clarkcountyhousetalk

Bella Casa Team is a Real Estate group that specializes in Residential Real Estate. They want home buyers and sellers to be informed so they can make the best choice. It is so important to educate the public, especially during this unstable and unprecedented time in the Real Estate!
This entry was posted in Home buyers and sellers and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s