Banker told me SFH rentals are as bad as printing companies
I met with a small local bank this week working to refi some SFH rentals that are paid for in cash.
This banker told me that some report he gets just came out and said that SFH rental properties are one of the worst investments... the only other poor investment it mentioned were printing companies.
Now we all know why printing companies are not a great investment, but why did he say this about SFH rentals?
The only thing he could justify his comment was that we don't know where the market will go with SFH due to development in the Columbus, Ohio area. This seems like a slim reason to call these rentals a bad investment.
He was very upbeat about lending on 2-4 unit properties, but not SFH's.
Can anyone shed some light on his thinking?
