Should I build my first investment home now?

[Blanca Munoz]

Hello,

So I want to build my first investment property , but I don't know if it's a good time to build.  I will be living in it and renting out the two other rooms.  It will be a 3 bed/2 bath, 1,500 square feet (living area) in Texas.  What are y'alls' thoughts?  How much is wood/supplies right now?  Any developers out there?

Thanks in advance.

[V.G Jason]

Quote from @Justin Brickman:

I would look to purchase a new build or something already constructed. Builders are offering heavy discounts because of the extra inventory

 Builders are just looking to dump. I'm getting looks in Austin daily, I just have no needs. I think I was on some list from years ago, not sure how to get off, but I get asked way too often. I pass the leads, have gotten a few of my friends to buy some and at huge discounts. Lots of new constructions in Dallas, Austin, Raleigh, even Phoenix , you're in FW, you can definitely get someone to dump.