Buying New Builds vs. existing SFH to Hold and rent

[Julie Dorney]

My Hubbie and I are contemplating buying a new build in a high growth area. The subdivision is in the beginning build out with only 110 of the 550 homes completed. We should have a positive cash flow of $300 a month and plan to hold the property for 10 years or more. With no major costs (roof, ac, etc... and all under warranty) for several years and great write offs the 1st 5 yrs. vs only 1/27 on an existing SFH this seems like a no brainer. Not to mention, the loan pay down and appreciation?? I just want to make sure I am seeing everything. Thank you!