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Updated over 1 year ago,
Thoughts on New builds for Investment properties?
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