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All Forum Posts by: Patricia Souza

Patricia Souza has started 1 posts and replied 3 times.

Post: Rental Property investing in up and coming area

Patricia Souza
Posted
  • Posts 3
  • Votes 0
Quote from @Rick Albert:

From what I've seen, the challenge is more about the resale. As new construction home values drop, that pushes your value even lower because you need to compete.

From a rental perspective, just look at comps of older homes versus new homes and see if there is a difference. My hunch is that there isn't much of a difference in rents as long as the home looks nice and meets the needs of the tenants. 


 Thank you!  This makes sense.

Post: Rental Property investing in up and coming area

Patricia Souza
Posted
  • Posts 3
  • Votes 0
Quote from @Jesus Roman:

More challenging in what sense? If you are referring to a leasing perspective it's important to know that everything leases out as long as you price it correctly. So it's important to understand your rental comps before you decide to invest in a particular area. 


 Thank you, yes.  I was referring to ensuring there are tenants regularly and if new home builds limit the need for rental properties in that area.

Post: Rental Property investing in up and coming area

Patricia Souza
Posted
  • Posts 3
  • Votes 0

Hello, First post here - When looking at an up-and-coming area with many 'new builds' and expanding school districts, do you feel that buying and renting older homes is more challenging than finding a well-established area without many 'new builds'?  Thanks in advance for your help with this!