There may be opportunities for investors in the housing market during the COVID-19 pandemic.
Investors with cash on hand, along with the time and effort to flip a house, are reportedly purchasing homes to flip for profit. Lower-end properties are typically the most common homes purchased for this purpose, as they have the larger profit potential. Most houses being flipped are vacant for showings which is perfect for our social distancing climate.
Between low inventory and a decrease in turnover due to the Coronavirus, investing in rentals is very popular right now. Investors are looking at the bigger picture, not only are most tenants able to continue to pay their rent due to the unemployment and stimulus packages, but single-family rentals offer an opportunity for long term growth.
The current unfortunate situation along with the low housing stock in many markets presents opportunities for real estate investors in renting or flipping properties. If you are looking for a property management company to help manage your investment portfolio, Ryntal Property Management has a knowledgeable staff to help increase the profit of your investment.