New to Real estate investing, Richmond VA.
Hello,
I am new to RE investing, and trying to soak in as much information as I can. I've been a lurker on the forums, and would like to introduce myself, since I think I am going to be posting and learning from here a lot.
We are most interested in buy-and-hold, as opposed to flipping, to be honest, we won't be able to do any renovations ourselves. So, we are looking for a turn-key investment to rent.
We are home owners, and not much interested in house-hacking since we like our home for now.
I understand buying a new construction is not ideal, since it would not give us best ROI. However, low maintenance costs and potential appreciation is something that allures us into it, from a newbie point of view. Plus, with so many new constructions coming up in Richmond, VA this option is very tempting.
Can someone guide me to resources to learn more about pros and cons of buying and holding new constructions.
Thanks!