Rental Units During A Down Market

[Trevor Miller]

I'm now 100% on board with REI. I just made my first offer on a local tri-plex with great cash flow potential.

I realize haters are going to hate but a friend just sent me a recent Forbes article regarding the impending doom on the real estate industry.

https://www.forbes.com/sites/jayadkisson/2020/10/29/the-serious-disconnect-between-a-hot-residential-real-estate-market-and-the-coming-tsunami-of-foreclosures/?sh=4192b11067eb

Personally, I see this as an opportunity to purchase more properties at a great savings.

My question is what happens to the rental market during a down turn? Is it easier to find renters when there is a surplus of foreclosure? Does demand increase?

It seems logical that demand would go up as people still need a place to live.

Thanks for reading,