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Updated about 1 year ago on . Most recent reply
New Build Rentals
Happy New Year!
My goal for the new year is to turn my current home into my first short-term rental property. At the end of 2023, I purchased an empty lot to build a single-family unit, that I plan to live in for at least 1 year (rent or sell in 2025). We start construction on this property in Feb 2024.
I have $20k budgeted for a down payment for investing in real estate in 2024. My family is in the new home construction business locally, so new builds seem to be the smartest route. I am trying to weigh all of my options, any advice or suggestions would be greatly appreciated for beginning my real estate investment path! I want to maximize and grow my portfolio as efficiently as possible.
-Katie
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#2 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Hi Katie, happy new year!
I would love to connect and chat withy you about this. Have you loked into DSCR loans at all?