New Construction buy and hold

[Michael A.]

I'm thinking about buying a new construction home in Dripping Springs as a buy and hold type of investment that will eventually be converted into a LTR. The issue that I'm seeing in Austin is that cash flow is non existent unless you drop a significant amount down. I have money tied up in other investments so cash on hand is limited. However I will be using either a VA loan, FHA, or conventional loan to finance this deal and I'm fine with being cash flow negative for a few years if it means having less headaches and actually having a property that I'm happy with owning. This is particularly important for me because I''m planning on being out of the country for an extended period and do not want any surprises or distractions while away. I am pretty set on buying in the Dripping Springs area as this area in my opinion has the kind of RE I would eventually want to bequeath to my children. I'm not keen on the northern part of Austin tbh.

what are your thoughts? I know some might call this speculation but I see it as an opportunity to buy something that is most definitely going to increase in price in the short term. Of course I’m sitting on the sideline atm and waiting for further drops