Why Build-To-Rent Is Getting Multifamily Investors' Attention
A recent Forbes opinion piece foresees a future of entire neighborhoods filled with nothing but build-to-rent single-family homes.
Typically, when people think of single-family rentals, they imagine a portfolio of houses sprinkled throughout multiple neighborhoods, where some families rent and some own.
A quaint concept, indeed, but the times they are a-changin’.
Millennials, often priced out of the conventional housing market and dealing with a record $1.6 TRILLION in student loan debt, are looking at other, more affordable ways to live “the American dream.”
Single-family rentals are an answer. Build-to-rent single-family homes are often more appealing than traditional apartments to families of all ages. Many young parents want a yard for their kids to play in and are looking for stability, one that mirrors the permanency of the traditional home.
This desire for stability makes these families great renters because they’re more likely to stay in a home longer and pay their rent on time; music to investors’ ears!
Read on HERE
Mr. Willig engages and coordinates a professional team of real estate brokers, general contractors, leasing agents, and property managers in order to rehabilitate, lease and maintain the properties he acquires for SpringView Investments. He has over 20 years of finance and accounting experience.