BRRRR vs. New Construction

[Rebecca Pearman]

I'm looking to invest in my first long term rental property and am struggling deciding which route to take. My husband and I are fairly handy but I'm worried about biting off more than we can chew. We have a lot of new construction/ cookie cutter homes going up for the same price point as any BRRRR I would buy. So Im starting to feel that buying something that is turnkey would be the better option for us. I do know that the quality of work in these homes isn't the best, but just looking at what's best for getting started.

Open to hearing any and all opinions!

[Melissa Justice]

Quote from @Rebecca Pearman:

@Melissa Justice For example there is a 1950s home 2bd 1ba 1200 sq ft for 259,500 down the street from me. Could use some cosmetic work but not necessary. Alternatively, there is a brand new town home 3bd 2.5ba 1600 sq ft for 248k with 160/mo HOA.

 I'd need more info on the props - feel free to DM me. :-)