I’m seeing more single family home transactions closing with investors rather than just homeowners who will owner occupy the property. This is a prime time for homeowners to jump in with both feet and become an investor.
Everyone has lost money in their retirement accounts and the most reasonable way to recoup those funds would be to take advantage of today’s unbelievably low interest rates and home prices.
The rental market is strong and single family homes will be appreciating, if they haven’t started in your area already. Purchasing a single family home to rent is a smart way to replace lost retirement funds. The property will have many tax benefits and in 5 to 10 years, the property can be sold with the profits replacing lost funds.
My team members are focusing on this niche area, and we have many pending sales at this time with new investors buying single family homes to be rented. If you haven’t tapped into this market yet, now is the time. Folks in their 30’s to 50’s are prime candidates for this scenario. They have all lost money in their retirement accounts and they don't know how to replace it. Discuss this topic with everyone, and you’ll be doubling your closings in the future.