New construction cash flow
I know this is a broad question and answers could vary greatly based on many factors including geographical location....but try to answer if you can offer any insight.
Can profit/cash flow be made with new construction SFH rentals?
I am in the early stages of investigation but my initial reaction is no. Mr. Morris on utube has a video or 2 pimping the idea but some of the numbers he quotes just don't seem realistic to me.
I ask because I would like to acquire another SFH rental or 3 this year. I already own 2 empty lots and may acquire a 3rd that comes with a house I am trying to get with seller financing. These 3 empty lots are part of the lawns of the rentals now....empty land that could be generating cashflow?
All 3 lots are buildable with no existing utilities....zoned for SFHs