All Forum Posts by: Julie Dorney

Wondering if anyone has bought a New Build to hold and rent recently? I am in a Sellers market and have been for some time, prices are ridiculously high. New build offers so much; appreciation (especially if you get in at the beginning of the development), 10 year warranty on everything, attracts good tenants, tax write offs (first 5yrs vs 29.5).

Would love to hear anyone’s thoughts or experiences.

@Mary P. My husband and I are doing the same thing! I would love to stay in touch and share our progress. We are hoping to make our first investment by the end of the year. 🤞. We would love to do a BRRR, but the market here is too high, and deals with instant equity are very hard to find. Good luck to you and your husband!

@Julie Dorney

@Brad Bellstedt yes, it really is attractive especially since currently in my market there are few homes in the price point I am targeting that don't need significant rehab. When you run the numbers for appreciation the ROI is there. Our strategy right now is to buy and once the subdivision is complete (5yrs) sell the property.

My Hubbie and I are contemplating buying a new build in a high growth area. The subdivision is in the beginning build out with only 110 of the 550 homes completed. We should have a positive cash flow of $300 a month and plan to hold the property for 10 years or more. With no major costs (roof, ac, etc... and all under warranty) for several years and great write offs the 1st 5 yrs. vs only 1/27 on an existing SFH this seems like a no brainer. Not to mention, the loan pay down and appreciation?? I just want to make sure I am seeing everything. Thank you!