That leads us to examine another growing trend across the country--single family homes as real estate investments. Millions of homes are now owned by individuals, not institutions, for investment purposes, and are rented out. Millennials are a prime target group for this activity. It's not enough to buy the home, however; you need to update it, and make it into something that a renter wants to pay to live in.
Where in our market do such opportunities exist? Ahh, that's where you need to call a Realtor, since we know the latest sales, and which neighborhoods are hot and which are not, what features need to be added, and where renters want to live. Flippers, give us a call. We'll be waiting with advice.