Southeast a Popular Spot for Rental Investors
Posted by Florida Realty Marketplace on
Rental property investors are shifting their efforts toward the Southeastern U.S., with Florida, Texas, and Georgia making up the bulk of acquisitions, according to an RMBS research report released by Morningstar Credit Ratings on Friday.
According to the report, the shift is due to changing securitization trends—as well as investors being more selective in their purchases.
“In the infancy of securitized single-family rentals, institutional investors could acquire distressed properties at discounts through bulk purchases and auctions,” MorningStar reported. “However, a generally improved housing market, including sustained house price appreciation, has resulted in fewer of these buying opportunities. Thus, institutional investors must add assets…
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