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Updated over 5 years ago on . Most recent reply

Reginald Vaughn's profile image
Reginald Vaughn's profile image
Reginald Vaughn
  • from Houston, TX
  • Member since Feb 1, 2015

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Reginald Vaughn's profile image
Reginald Vaughn's profile image
Reginald Vaughn
  • from Houston, TX
  • Member since Feb 1, 2015
Reginald Vaughn
  • Houston, TX
2
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Buying & Selling Real Estate

Buying new construction for Rental Property

Reginald Vaughn
  • Houston, TX
Posted

I live in the Houston Area and debating on buying a new construction home for rental purposes. We have a lot of single level, new homes under $220K that fit this category. What are the drawback to purchasing new construction for Rental as oppose to buying a home to be rehabbed for the similar price. 

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Wale Lawal's profile image
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Wale Lawal
  • Real Estate Broker
  • from Houston | Dallas | Austin, TX
  • Member since Mar 2, 2018

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Wale Lawal's profile image
Wale Lawal's profile image
Wale Lawal
  • Real Estate Broker
  • from Houston | Dallas | Austin, TX
  • Member since Mar 2, 2018
Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
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Wale Lawal
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
Replied

@Reginald Vaughn

The major advantage of new construction is deferred maintenance and tenant will stay longer.

Just buy in a great neighborhood and analyze your numbers correctly.

Goodluck

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