Quote from @Travis Pehle:
Quote from @David Yee:
Thank you everyone for your insights! It seems that most people feel that purchasing a single property with all cash is not as good an idea as investing in multiple properties with leverage. Does the fact that I have a full time job and am not able to be a full time investor change anyone's perspective on this?
If you want maximum cashflow and the least headache consider buying a new build without debt. You can buy a brand new house in a great area and have a great asset. If you buy a package of 6 lesser houses that means I have 6 roofs, 6 hvac, less cashflow, and likely subpar appreciation(dollar for dollar) compared to better areas.
The reduced maintenance costs, higher rents, better tenants, appreciation, and reduced hassle factor for new construction are real and attractive.
And if you buy all cash and you don't like it then simply put a mortgage on it and use the cash to buy another.
I agree Travis. I'm new to the group and I made a post on another category page. I'm a realtor in Coastal Alabama and we have a high-production builder down here (DR HORTON). If you're looking for long-term, We have investors from literally all over the country buying these new builds.
Horton has been offering all sorts of $$ towards rate buy downs, upgrades, closing costs for months and its definitely hurt re-sells. The new builds rent really well and $$ appreciate really well and fast
