813.910.8020 Apply Now

Mortgage Broker Tampa, FL | Mortgage Lender Tampa Florida | Marimark Mortgage

  • Home
  • Homebuyers
  • Homeowners
  • Realtors
  • Investors
  • About Marimark
  • Contact Us
  • Mortgages
  • Apply Now
  • Current Mortgage Rates
  • Calculators
  • Testimonials
  • Blog
  • Videos
  • Featured In
Home / Blog / Mortgages for Investment Properties / Great News for Real Estate Investors – More People Prefer to Rent

Great News for Real Estate Investors – More People Prefer to Rent

July 31, 2018 By Mary Catchur

Real estate investorThere is great news for real estate investors – more people prefer to rent in today’s housing market. In the past, studies have shown that millennials are the only demographic  that will continue to rent homes at current levels, but new research released by Freddie Mac Multifamily finds that other segments of the population are not interested in owning a home, including baby boomers and Generation Xers.

According to the Freddie Mac study, “… the spring Profile finds a total of 67 percent of renters view renting as more affordable than owning a home, including 73 percent of baby boomers (aged 53-71). Similarly, 67 percent of renters who will continue renting say they will do so for financial reasons—up from 59 percent just two years ago.”

Why People Are Renting

The large number of people preferring to rent a home is unprecedented, leaving many people wondering why they are doing so. “Perceptions of affordability and cost continue to play an outsized role in the choices of America’s renters, as they overwhelmingly see renting as more affordable and the right choice for them – right now,” said David Brickman, executive vice president and head of Freddie Mac Multifamily. “Remarkably, half of baby boomers who rent do not anticipate owning a home in the future, with a growing number of Generation Xers following suit. Indeed, we are witnessing an historic shift in preference among older Americans, as they increasingly are choosing the size, convenience and affordability that renting offers over ownership.”

Indeed, we can no longer identify “who” a renter is – everyone seems to be renting.

People tend to rent because they are not staying in one place for a long time, and they don’t mind moving. People no longer stay in a job for 40 years anymore, as fewer people are getting married and fewer are having children.

What Renters Want

Increasingly, renters believe they will never purchase a home. They also don’t want to move, which almost ensures continual income for real estate investors. An investor can get a tenant that stays in a home for years, creating stability and a constant stream of revenue.

According to the Freddie Mac study, renters continue to be happy with their homes. 66% are satisfied, which is up 6% in the last year; and 64% do not plan to move, which is up from 49% in August of 2017.

The study also found that “a majority of renters – 54 percent – continue to believe that renting is a good choice for them now, including 71 percent of millennials.” Also, renters continue to want nice homes with updated features, particularly in kitchens and bathrooms.

Great News for Real Estate Investors

The Freddie Mac report is obviously good news for real estate investors. More people renting nicer homes for longer periods of time creates a stable environment for investors to grow their business.

As more people choose to rent, staying in the same rental home longer, real estate investors can generate higher profits resulting from lower vacancy rates and possibly lower maintenance costs. Besides generating higher profits and building their portfolio of properties more quickly, more stable tenants can also result in a less stressful life.

Mortgages for Investment Properties

Getting a mortgage for investment properties can be more difficult than an owner-occupied property.

Marimark Mortgage simplifies the process, with loan originators who are uniquely qualified to help real estate investors navigate their financing by providing mortgage solutions specific to the needs of investors.

We have mortgage products specifically designed for investors that can help boost investment profits. One of our most popular products for investors is our “delayed financing” program which allows investors to buy properties for cash and quickly refinance to take cash back out of the property to purchase another. We also offer programs that allow investors to purchase a property based solely on the expected cash flow of the property.  This program can eliminate a lot of the income documentation and debt-to-income ratio issues for investors.

Related: Mortgages for Investment Properties

Marimark Mortgage

Marimark Mortgage serves the mortgage needs of real estate investors in Florida, Virginia, and Pennsylvania.

We specialize in delayed financing, cash-out refinancing, conventional home mortgages, FHA, VA and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing, and help clients to lower their monthly mortgage payments.

To get started with a mortgage to buy your next home, please fill out our Quick Mortgage Application, or contact us direct.

Opt In Image
Stay Informed, It's Your Money
Marimark Mortgage Newsletter

The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.

We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.

Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.

Thank you for signing up!

Filed Under: Mortgages for Investment Properties

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

Save with a Mortgage from Marimark

Whether you are buying a home or refinancing, you can save with a mortgage from Marimark Mortgage!



    Search

    Post Categories

    Testimonials

    Refinancing with Mary an absolute pleasure

     
    Refinancing with Mary has been an absolute pleasure. I have never been through the process before and she took the time to explain each step. She was prompt (had a rate locked in right away) and most importantly always answered the phone or emails almost immediately! The communication line alone made the refinancing process every bit worth it. Would recommend to anyone, and will be back for any future purchases! Bret Brennan, March 2021
    See More Reviews
    Marimark Mortgage LLC
    5327 Primrose Lake Circle
    Tampa, FL 33647-1328
    (813) 910-8020
    (866) 910-8020

    Accessibility
    Privacy Policy
    Terms of Service
    Sitemap

    Reviews

    Website Testimonials
    Google Reviews
    Zillow Reviews
    Trulia Reviews
    Facebook Reviews
    Yelp Reviews
    BBB A+ Rating

    FOLLOW US

    • ‎
    • ‎
    • ‎
    • ‎
    • ‎
    • ‎
    Marimark Mortgage is a BBB A+ Accredited Business

    Recent Posts

    • Sandra Fernandez: Extraordinary Knowledge, Professionalism, and Service
    • Factors to Consider in Deciding Whether to Use a Bank or Broker for Your Mortgage
    • Dan Underwood: Home Loan Process | Would Use Marimark Mortgage Over and Again
    • Why are there often big differences between interest rates quoted online?
    • Advantages and Disadvantages of an FHA Home Mortgage

    © 2023 Marimark Mortgage, LLC All Rights Reserved. | Internet Marketing by Image Building Media. | RSS Feed

    Reviews / Recommendations: Google, Zillow, Trulia, LinkedIn, Facebook, Yelp, BBB

    Licensed in Florida by the Office of Financial Regulation, Mortgage Lender License #MLD77.
    Licensed in Virginia by the Virginia State Corporation Commission, License MC#4556.
    Licensed in Pennsylvania by the Department of Banking and Securities, License #40222.
    NMLS#248318 – www.nmlsconsumeraccess.org.