Investing in New construction in landlord friendly states.

[Eli Esterzohn]

I want to invest in New Construction in landlord-friendly states such as Alabama, Florida, Texas, North Carolina, Missouri, etc. Does anyone know of a good quality builder that offers good incentives for investors?

[Elenis Camargo]

Hi Eli,

I'm located in Jacksonville, FL and co-own a real estate and property management business. Many of our out-of-state clients this year have been buying new construction homes as opposed to fixer-uppers. They see them as less risky, but of course the entry price is higher in the low $200K's. We have the big builders here like DR Horton and KB Homes, but you'll also find also local builders who buy in-fill lots in existing neighborhoods and build new homes next to existing homes. They are usually 3/2 homes with a garage. Our rental residents tend to like them because 1) they are new homes and 2) they are in neighborhoods that they are familiar with and not in the outskirts of town. Many of these builders offer buyer incentives and since they are in existing neighborhoods they don't have HOAs. If you'd like for me to connect you with my agent who has relationships with these local builders please send me a DM and I'll share his contact info.

- Elenis