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Updated over 1 year ago,

User Stats

206
Posts
83
Votes
Bobby Paquette
Agent
Pro Member
  • Real Estate Agent
  • Charleston, SC
83
Votes |
206
Posts

Thoughts on New builds for Investment properties?

Bobby Paquette
Agent
Pro Member
  • Real Estate Agent
  • Charleston, SC
Posted

What is everyones thoughts on getting a new build right now for investment purposes? Rates are 5.25% for primary, Cash flow not there, but holding for 10+ years & betting on appreciation. I currently have one in the neighborhood, I would move to another on VA Loan, use my commission as down payment, and essentially be breaking even on rent/mortgage payments for the 2 properties if I moved out of the area. I am looking at about 10-15 year holds. Just looking for others thoughts!

*I know a lot of people dont like to bet on appreciation 

** I know it i market dependant 

*** I know it depends on my risk tolerance and if I can afford it if something happens 

  • Bobby Paquette
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