New Build for Rental?

[Jonathan Yeh]

I'd like to see what your opinion is on this idea. If I am not in a hurry to get my first rental started, is buying a new build for rental a good idea?

Upsides:

1. It is a bit below market price, not by a lot, but at least 10-20k in my neighbourhood.

2. It will be brand new, which means the CapEx would be low relatively.

3. You design it the way you want your rental properties to be!

Downsides:

1. It takes 6-8 months to be built, which means almost a year without making any return.

2. There are relatively less data for you to evaluate the rental property.

Let's hear what you think!