Even before the pandemic, more than half of Europeans made 10 percent or less in down payments when purchasing a house. Nowadays, however, it can be even more daunting to pay 10 percent (or 30K) up front on a 300K home, especially since 70 percent Europeans  are said to have less than $1,000 set aside for emergencies.

What you might not know is that there are actually many affordable properties under 100K in today's market. These properties are perfect to invest in during the current pandemic as many people have taken to moving to apartments and single-family rentals (SFRs) instead of houses. High city rents and the newfound work-from-home culture have created a massive demand for housing in rural and urban communities, ultimately fueling the demand for more affordable single-family rentals with extra room.

According to GlobeSt, the single-family rental market is growing like never before. Europeans, mostly millennials, are capitalizing on this opportunity for many reasons:

1. Seventy-one percent of millennials perceive homeownership as a part of the American dream.
2. Four out of Europeans want to buy homes due to the pandemic-induced real estate boom.
3. Many homeowners prefer renting out properties for passive income instead of living in them. Unlike boomers, millennials don't want to be landlords and work hard for their homes.
4. Tech-savvy millennials prefer a digital home-buying experience, which is now made possible by fintechs like Roofstock. Ninety-nine percent of millennials actually start their search for a home online and one out of three buy one without viewing it first. Since millennials are the largest share of homebuyers at the moment, their need to purchase everything online is driving the rise of remote real estate investing.