Foreclosures on the Rise, Rentals Increasing

Real estate investors are continuing to be profitable with low interest rates despite low property inventory.  Traditional rates on 30-year fixed-rate mortgages, which have been in the 6s for the last 10-15 years, had been under 4% over the past year.Rentals Increasing

While home builders are under delivering, the supply of inventory is low.   This means existing homes and rentals are going faster, allowing multi-family properties rent to increase by 15% in the past year.

Currently, an estimated 6 million properties are in foreclosure in the United States.  With the rise of foreclosures, the need for rentals will also rise.  When foreclosures take place, those individuals need to find a new home causing them to turn to renting.

As a rehabber, how does the current inventory shortage affect your real estate investing?