Warren Buffett once said he’d buy a ‘couple hundred thousand’ American homes.

In 2012, Warren Buffett expressed interest in purchasing a significant number of single-family homes in the United States, as long as it could be done efficiently. He also said he would secure low mortgage rates for these properties, which he believed made real estate a great investment opportunity. Buffett, being a value investor, sought investments with prices lower than their actual worth.

At the time, the median price of a home in the U.S. was $251,700, while it has since risen to $410,700. In 2012, the average 30-year fixed mortgage rate was 3.59%, whereas it is now around 6.67%. Despite the higher interest rates, Buffett's sentiment might still hold as housing markets are cyclical, and rates could potentially come down again.

To secure the best mortgage rates, it is advisable to shop around and compare offers from multiple lenders. Mortgage Research Center (MRC) is a helpful resource that allows users to quickly compare rates and estimate monthly payments from various lenders after entering basic information such as their zip code, property type, price range, and annual income.

Berkshire Hathaway also offers a real estate investment platform called mogul, which provides fractional ownership in blue-chip rental properties. This allows investors to receive monthly rental income, real-time appreciation, and tax benefits without the need for a hefty down payment or dealing with tenants. The platform features an average annual IRR of 18.8%, with cash-on-cash yields averaging between 10 to 12% annually.