Anyone Build & Hold?
Hey Guys,
Just wondering if there are folks out there who have employed a build-and-hold strategy. Basically building a spec home with the idea of holding it as a long term rental. Same principles apply for building cash flow and this would give me the ability to get into a home with some substantial equity from the beginning.
As we've gone out and purchased SFRs, we've come to really like the newer small homes for maintenance, better rental prospects, higher rents, etc... So it got me thinking about creating my own deal by building at a discount, making decisions along the way that line up with knowing it will be a rental, and holding it as a long term rental.
Do you think this would be viable and are there people who have done this?
Thanks.
John