Updated over 5 years ago on . Most recent reply
New house new construction please help
Hello my wife and I are buying our first home and it's a new construction in a very new up and coming area but after researching and everything I'm nervous I might be getting the short end. At the moment the rough estimate of what I'd be paying is somewhere around 315-325k and with a $400~ HOA fee a month. The 2% rule for renting it out when I have to move due to my career, seems obnoxious and unlikely. Even 1% seems steep for the area so I am in fear I won't be able to keep it up. Are negotiations even an option with new construction?
Please help I am brand new to this lifestyle of real estate investing and I am trying to find my niche.
Any help or analysis or anything would help considerably