The New Build-To-Rent Market
Almost a decade ago investors snagged great deals on foreclosed homes to turn into rental properties. Foreclosures, however, are now few and far between. Foreclosures and short sales — make up just 2% of home sales today, down from a high of 49% in March 2009, according to the National Association of Realtors. The regular existing home market is very pricey, so investors are now turning to a new strategy: Buy new. And suddenly, the so-called build-to-rent market is exploding.