Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 6 days ago on . Most recent reply

User Stats

595
Posts
122
Votes
James McGovern#1 Land & New Construction Contributor
  • Flipper/Rehabber
  • Bloomfield CT
122
Votes |
595
Posts

Am I an idiot?

James McGovern#1 Land & New Construction Contributor
  • Flipper/Rehabber
  • Bloomfield CT
Posted

Am I am idiot for wanting to purchase a few new build homes and turning them into rentals? Have other investors had recent success with this strategy?

Most Popular Reply

User Stats

43,432
Posts
64,152
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
64,152
Votes |
43,432
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied
Quote from @James Wise:
Quote from @James McGovern:

Am I am idiot for wanting to purchase a few new build homes and turning them into rentals? Have other investors had recent success with this strategy?


 If you're buying them in a market heavy on appreciation, no not at all. Say you're in like Florida or something, the dirt only does one thing down there, goes up in value. Bank loans you the money, tenants pay back the bank, and 15-20 years later it's worth way more than you paid. Real estate investing is actually a lot simpler than people think.


JIm slightly disagree on
FLA only goes up.. some of the biggest crashs in RE history have happened in FLA especially SWFLA  like values currently are dropping like crazy based on the over hyping of the area.
business profile image
JLH Capital Partners

Loading replies...