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If you’re looking to purchase U.S. real estate to develop cash flow through rentals, the opportunity just got a lot sweeter very quickly.

Yesterday, I wrote about a CNN news story reporting that it was now less expensive to buy a single family home than it was to rent one.  Today, another report, this one from Rismedia:

Rental vacancy rates are at their lowest since 2003 and still falling, which will drive up rents even faster than the 2-3 percent average annual increase predicted earlier this year. Moreover, with demand outpacing supply, the rent-to-buy equation is turning increasingly favorable in markets across the nation.

The Census Bureau reported that vacancies for rental housing were only 9.2 percent, 1.4 points lower than a year ago and .5 percent below the first quarter. We haven’t seen a 9.2 percent vacancy rate since 2003. The median asking rent for vacant units was %684…..With mortgage rates falling, median home prices below last year’s levels in most markets and rents taking off towards 4-6 percent, homeownership will make renting look unbeatable.

The perfect storm for Canadians continues to provide an outstanding opportunity.

Get all the details on the website and follow us on Twitter for all the breaking news.  It just gets better every day!

On fire!

Steve

 

Steve Martel
Steve Martel is a serial entrepreneur with over six multi-million dollar revenue-generating companies, with two worth over $10,000,000.00 each. Steve is a real estate wealth expert, a strategic business advisor, consultant, coach, and philanthropist. He directly influences more than 100,000 entrepreneurs annually and has helped the acquisition of over $350,000,000 of real estate in the past 3 years alone.