High growth secondary markets are ripe for single family rental investing
It used to be that the residential and single-family rental (SFR) investment markets were flush with opportunities. But increased competition has made deals harder to find and have investors looking for answers.
The single family rental craze was born out of the Great Recession - but long gone are the days when investors could scoop up large portfolios of homes at deep discounts. An unprecedented period of asset appreciation and historically low interest rates have home prices at all time highs.
This doesn’t mean that quality investment opportunities don’t exist for residential product, though. Instead, domestic migration trends are changing where people work and how they live. And it’s fostered a dislocation between markets and their rental demand drivers - creating opportunity for investment.