Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 12 years ago on . Most recent reply

User Stats

55
Posts
2
Votes
T Brown
  • Pittsburgh, PA
2
Votes |
55
Posts

Motivation for renting Class A property?

T Brown
  • Pittsburgh, PA
Posted

This is going to sound like a silly question, but I don't really understand why the people who can afford to rent a Class A SFH rent instead of buying. I suspect that I am confused because I've never known anyone who rented such a property. I come from a working-class background, so the only model I've ever seen is that renters are either young and trying to build up enough money for a down payment on a house, or are down on their luck. Either way, the renters I know in my own life only rent Class C, maybe B, untill they either get back on their feet or mature enough for a down payment. I've lived in Pittsburgh for 15 years now, and I don't know anyone who rents who doesn't have to.

This is more than a philosophical question, as I'll need to understand my customers' needs when I get into REI more seriously.

Thanks for your insight!
Trina

Most Popular Reply

User Stats

355
Posts
90
Votes
Michael D.
  • Investor
  • San Jose, CA
90
Votes |
355
Posts
Michael D.
  • Investor
  • San Jose, CA
Replied

The houses where I want to live all have very low cap rates - and are therefore not very appealing from a BP-like investment perspective.

So I rent a house where I want to live while I buy real estate where I think the investments are good. Works for me.

Loading replies...