Buying New Construction Build

[Jacob Hafer]

Hi All, 

I am looking to purchase my first Investment Property as a Long term Rental. I have been working with a Realtor in my area, and he has just suggested looking at new construction homes. I am seeking some guidance as to the pros vs. cons of investing in a new construction home. All guidance is welcome!

[Nate Sanow]

The pro is likely less headaches but the con is likely less cash flow. Also nicer newer properties tend to attract people who can afford to buy a house but got a job transfer or whatever so they likely won’t stay for as long, maybe just a year and then they are looking to buy.