New builds in the suburbs

[Steven Atkins]

Morning BP'ers

First post here. I've been patiently saving and researching for about 6 months and I'm getting a little "analysis paralysis". I grew up and currently reside in Dallas proper and work in McKinney and it seems like rentals are maxed out due to high property taxes. My next-best strategy was to live-in flip on a 9 to 12 month turn around, but I'm finding that lenders don't like to shell out cash to first time flippers. Explored house-hacking a MF but I haven't seen any ~$250k / $300k inventory from SMU up 75 to McKinney. So my next question becomes, does anyone have experience / recommendations for buying new from a homebuilder? Some new builds around 380 are selling quickly and slightly under market, but I haven't seen much discussion regarding those properties as investments. 

Appreciate any thoughts!

Steven 

[Krishna Chava]

Hi Steven, You can still find reasonably priced new construction that cash flows South of I20 in Fortworth. These are typically small builders that buy a lot for cheap, build a new SFH or duplex and want to sell it quick.