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Updated over 5 years ago,
Build or buy 1st rental
I want to get to started in renting properties. I'm curious in if I should build a rental property or purchase one.
I inherited an acre wooded lot that a home could be built on. The requirements to build are a 1700 sqft min with an attached 2 car garage.
Before I went through the process of hiring a contractor to evaluate and price out, acquire drawings and talk with the building department. I wanted to know if building a rental was worth it.