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Single Family Rental Homes Market Overview

A single family rental home is a standalone property on its own lot. Investing in a single family rental home is basically investing in a house or a condo with an intention of renting it to a single tenant. It has few pros and cons attached to it but it depends on your expectations from the property. Usually people tend to buy a property in a low budget or affordable locality and revamp it to attract new tenants. A single family home is a residential home. As a real estate investor if you’re looking to increase the number of rental properties you currently own with bigger returns, you should consider investing in single family rental homes.

Following the housing market decline in 2007, single family rental homes became favorable options for investors, saving in construction or refurbishment prices. The quick turnaround for an owner to rent out their property means cash flow is almost immediate. Single family rental homes have grown up to 30% within the last three years. These rentals outpace both single-family home purchases and multi-family apartments in the US. Almost all the housing demand in the US in recent years has been filled by single family rental units. Millennials are leading the way to single-family rentals. In general Americans are more interested in renting than owning. Big REITs are buying cheap homes and turning them into cash-generating rentals. People who can no longer qualify for mortgages can easily live in these single family rental units. They don’t need a large down payment to move in.

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