Remember that Blackstone and the other institutions are only financing it. These companies have names; like American Homes/AMH, invitation, opendoor and so on. There are a lot of them and they are all given billions to go buy as many houses as they can get their hands on… essentially bottomless pockets. And those are just the large ones. There’s plenty of people churning 100s of homes and letting property management companies do all the work, financing new deals with existing rentals as leverage.
Remember that Blackstone and the other institutions are only financing it. These companies have names; like American Homes/AMH, invitation, opendoor and so on. There are a lot of them and they are all given billions to go buy as many houses as they can get their hands on… essentially bottomless pockets. And those are just the large ones. There’s plenty of people churning 100s of homes and letting property management companies do all the work, financing new deals with existing rentals as leverage.