Millennial and Gen Z buyers are buying homes so they can rent them out for a rental income. This strategy may be gaining popularity because of the affordability challenges brought about by today’s higher mortgage rates. The equity they build in their house will also help grow their net worth over time. It allows them to continue living where they want and still own a home where they can afford it.
If you’re thinking about buying a home as an investment strategy to build your wealth, let’s connect to explore your options and nearby areas that may have homes that fit what you’re looking for.