It’s landlords all the way down!

There’s a new trend taking over Real Estate TikTok. Basically, people wanted to be landlords, but they kept running into a major issue: They didn’t have the capital to actually buy a property.

Of course, these being internet investors, “not having money” has never stopped them from wasting it. And so, instead of buying the property, they’re renting it, and then renting it on to someone else (typically, the government). They’ve dubbed this kind of triage “rent to rent.”

Sure, it might work now, but what happens when they rent to someone else, and then they rent to someone else?

I don’t know, but I bet it’s not great!