RentVestors are a New Breed

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.

Buyer are picking up multifamily and either living in them, or renting them and living somewhere else.

This is a great way to take advantage of leveraged returns in the Real Estate Market