Updated over 4 years ago on . Most recent reply
Building Rental Property
For the past couple of years I have been building rental property.
It's worked out really well! Way better than I even estimated.
You get:
A higher quality tenant
Higher rents
ZERO maintenance
Yes - there is construction risk, which is mitigated with a GC and material cost increases :-) BUT you have that with a rehab anyway, and with new builds you do it faster.
The best part is the complete lack of competition! You are working on buying random lots which have generally been on the market for awhile. So plenty of equity to be had at the buy!