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Mohamad Guene
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Thoughts on investing in new built house

Mohamad Guene
Posted

I am a new investor and looking for advice on investing in newly built single family homes in Hunstville, Alabama.

I appreciate any advice.

Thank you

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Stephanie Walker
  • Realtor
  • Charlotte, NC
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Stephanie Walker
  • Realtor
  • Charlotte, NC
Replied

Personally, my husband and I have only purchased new construction (both for investments and personal homes). It's our preferred method because we find that they appreciate faster in our market. However, that's not always the case and is pretty heavily dependent on location. We work with a mix of investors: some who share the same sentiment and like the idea of less maintenance and others who prefer BRRR method to keep recycling their cash.

What are you looking to do with the property? LTR/MTR/STR? Is it in an HOA neighborhood? If so, review the CC&Rs to make sure you are able to use your preferred strategy.

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