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Updated over 4 years ago,
Rental Investment- New homes vs old
So, while i was looking for rental investment properties in Houston, TX, I came across a builder whose target is starter low cost homes. They are selling 1400 sf +/- for 180k +/-. Ofcourse it has small porch type backyards only. But at the same time if I look for older homes, all of them are 190k.
Assuming numbers make sense, If I am just looking for rental investment, would it make more sense to just buy a brand new home? This way I get warranties for first few years and no maintenance.
The only concern to me is that although the builder is very known and good ones, does low cost home have low quality stuff which may become a headache down the line in next 5-6 years?
Anybody who have look into such scenario and have bought brand new homes and rented out?