The BTR Boom Shows No Signs of Slowing!

The market for existing homes is so tight that even the big landlords are having a tough time finding them, but the new rental real estate playbook is all about build-to-rent homes. It’s no secret that renters want the single-family lifestyle, and builders are pumping tens of thousands of new rental homes into the market, with the biggest BTR boom in the South from Texas to Florida.   According to stats from RealPage, more than 104-thousand BTR units are under construction across the nation right now. As of September of this year, more than 61,200 of them are in the Southeast section of the US , about 28-thousand five-hundred are in the Western half of the US, almost 13-thousand are in the Central states, and close to 17-hundred are in the Northeast. The RealPage definition of single-family includes fully detached, semi-detached, row homes, duplexes, quadruplexes, and townhomes... At RealWealth, we recently launched a new build-to-rent fund for investors over the Texas border in Oklahoma. It’s a pre-boom area that has all the right features for a desirable and growing residential location. It’s near main highways, close to large employers, and is just 12 miles from Gainesville, Texas. That’s in an area north of Dallas which has been expanding rapidly as a major technology hub.   We’ve already started purchasing new fourplexes with built-in equity for the fund, and we’ve contracted with a builder for a total of 10 fourplexes over the next two years. My fund partner, Leah, was born and raised in the area, and has witnessed the growth patterns in vast undeveloped areas that are now bustling cities. She is currently focused on Thackerville near the Oklahoma-Texas border because it’s in desperate need of housing and so close to booming job growth. At the time of the interview she said there was only one rental on the market and just 11 homes for sale.   If you’d like to check on all the build-to-rent stats mentioned in this podcast, check for links in the show notes at newsforinvestors.com. You can find out more about our rental fund at growdevelopments.com. My partner Leah also provided a lot of information about why she thinks this area is ready to blast off on a recent Real Wealth Show with the title: “The Nearby Texas Market that’s Poised to Blast Off!”   RealWealth can help you create a financial safety net with real estate. It’s free to join and gain complete access to all our data and resources. And please remember to subscribe to this podcast and leave a review!    That’s it for today! Thanks for listening. Kathy Fettke   Links:   1 - https://www.realpage.com/analytics/btr-by-region/   2 - https://squaremile.com/property/development-resident-experience-investor-returns/   3 - https://growdevelopments.com/