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Updated about 1 year ago,
Purchasing New Build as Investment property/tax shelter
Considering buying a new build but on the fence: I'm an agent- will make 5% commission, builder paying closing costs & rate buy down so can purchase a $289k SFH for $45k out of pocket in an A rated school system, a rural area that's just exploded out of nowhere. Rent would cover the mortgage & CDD with just a few hundred left over so would really be an opportunity for tax shelter & banking on future appreciation since we're in a top 10 job growth market in the country, expecting buyer demand to explode in the next 60-90 days.. We currently own a property we STR but still paying around 20% in taxes so would love to offset that. Thoughts?