You paid extra for less cash flow, even if the long-term CapEx benefits were obvious.But when new construction trades at a discount — and comes with a 10-year roof, new mechanicals, energy efficiency, and a builder warranty — the math changes.Lower maintenance, lower vacancy, and predictable CapEx are now being offered at resale pricing or better.That is a different equation than anything we saw in 2015–2023.What I’m seeing in Reno, NV• In 2021, new builds typically sold 12–15% above resales• Today, builders are offering $15K–$40K in incentives plus below-market financing• Several new homes now underwrite better than 1980s resales, even before factoring depreciationIf you only pull comps from the MLS, you won’t see these concessions because they aren’t reflected in list prices.

Sounds like you’ve got two opportunities most new investors would trade a distant cousin for ;-) Seller financing from family can be a great way to enter with little capital, just make sure it’s structured like a real transaction: market valuation, written note, recorded lien, amortization schedule, balloon terms, etc.

While you network, trade sweat equity for mentorship—run comps, manage scope, or do site walks for a flipper to earn reps before your first contract.

But the trade-off is that you’re pulling out tax-free cash that you can use to buy another property, that’s how you scale.The key is making sure your rents still cover the new mortgage, taxes, and insurance with a healthy cushion.

If you’re handy, DIY small, low-risk items and hire licensed pros for trades and anything permit‑touching to avoid fails and delays.

We have the experience and work within our niche so we ca get funding and have the trades to call on that support us.  

A good agent will have multiple contacts for the trades and property managers. 2.

The project was permitted with all licensed and insured trades and the gut renovation cost $44,000.

--US and Malaysia sign new reciprocal trade deal.

I started construction at 20 to learn the trade and managed the crew in two years.