All Forum Posts by: Caleb Rowe

Hey everyone, I'm new to REI and im looking at making my first investment. I was talking with a property manager who owns many investment properties himself. I asked what kind of home he thinks makes the best investment. His reply really surprised me, but he said he prefers new builds. His rational is:

Property value will increase dramatically in short order

Renters like the idea of being the first resident and are more likely to stay long term

Zero maintenance costs

As long as the cashflow still makes sense, does anyone know of any concerns?

Zero capital expense concerns

I'm looking into that market as well. Im working with a local realtor that I found here on BP. Some interesting options so far but it looks like I'll have to BRRRR in order to make a decent return

I'm very interested in Multifamily investing particularly here in the valley. I'd love to hear about what areas you've seen out here!

@Mark W Duncan i was just there this weekend. My mother lives in the area. Love it there. I've considered looking into that market but home prices look pretty steep...

I'm in AZ as well and just starting out in my real estate journey. What city are you investing in?

I'm 38 and have 0 rentals. I just found BP a week ago but have always been intrigued by REI. Im just building a team now and plan to have purchased 1-2 properties within the next 6 months.

Just found BP in July 2020 6 months before my 39th birthday. I'm hungry and motivated, I'm hoping to retire from my W2 by 50!