First property dilemma
Hi All,
I am just starting my journey in the real
Estate investment. I have been doing some research, talking to folks and attending some webinars. There is just wealth of material and view points and it has been hard to narrow down on a property.
I am particularly interested in a turnkey property and there are a ton of providers in that space. The dilemma has been what if property turn out to be bad and require significant repairs down the road. On paper everything looks good. I look at RoofStock everyday.
With that dilemma, it just occurred to me that why not just invest in a new development. Builder is likely to have done some research on the prospects of that market and neighborhood. It may not be a significant cash flow on day 1 but appreciation can be good. Plus I don’t have to worry about any repairs for few years as it comes with builder and appliance warranties.
What am I missing here?
P.S I live in Sellersville, PA but open to out of state turnkey property as well.
Thanks
Pinank