Build then Rent

[Robert Wadsworth]

Investment Info:

Single-family residence buy & hold investment.

I am building a rental house on property I own in Burleson. We will use this either for mid-term or long-term rental.

What made you interested in investing in this type of deal?

Since I already own in the land it was easier and cheaper to build than to buy property in Burleson.

How did you finance this deal?

We will either pay cash or finance. This is still to be determined.

Lessons learned? Challenges?

Johnson county requires 1 acre minimum for with 150 ft minimum width for house outside the city limit which limits the number of houses I can build on the acreage I own.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The builder is Hedgefield Homes