I'm curious if anyone is investing in new construction for rentals. So far, all of my rentals have come from distressed sales and I've followed the BRRRR strategy. However, the market for these types of deals has dried up in my area and it's difficult to find them. I know the overwhelming approach is to find properties that cash flow but has anyone been able to make this work with new construction?
Are you looking to build your own, or purchase from a builder that's building a new neighborhood?
The HOA's are high on the new build neighborhoods here.
I'm looking at new construction from a builder in the same neighborhood as my other rentals and there's no HOA.
Can you make money?
That is the key consideration.
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