RentVestors are a New Breed
May 31, 2023
1 min read
There is a new term in the real estate lexicon, "RentVestor." These are people who are buying rental properties instead of primary housing. We have seen this in the past, when people from CA would rent in CA and buy a house in AZ as a rental home or a vacation home. They couldn't afford their dream primary residence, so they took advantage of an opportunity to get into the real estate market and leverage their returns. This is happening on a different scale now.
Current Trends in RentVesting
Buyers are picking up multifamily properties and either living in them or renting them out while living somewhere else. This is a great way to take advantage of leveraged returns in the real estate market.
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