and I paid for an appraisal about two months ago and the appraiser had some OK comps but this property really is far and above a lot of others in the area. there are some brand new condos that are small in comparison directly behind going for 500k to 700k.

Something like Bill Brand does...

You might be able to beat the average, but the odds are against you.FSBO is a little like selling a brand new watch at a garage sale.

I’m looking at Texas, where u can buy a $280,000 3/2 SFR (that looks brand new) and get $2,500 a month in rent!!

You're paying for a brand new build (with high build prices) but people will associate the age/condition with the existing old/leaky structure.

In Hickory (about an hour away) I see some listings for brand new duplexes around $380k.

I am a brand new investor.

New construction offers a unique blend of potential high returns and control over the investment, making it an attractive option for those looking to diversify their portfolios.The Advantages of New Construction InvestmentCustomization and Control: New construction projects offer investors the chance to tailor properties to meet current market demands, ensuring higher occupancy rates and returns.Energy Efficiency and Sustainability: Modern constructions come with the latest in energy-saving technologies and sustainable materials, appealing to a growing eco-conscious tenant base.Lower Maintenance Costs: With everything brand new, the initial years following a new construction project see significantly lower maintenance costs compared to older properties.Tax Incentives: Many regions offer tax benefits for new construction projects, especially those that meet certain environmental or economic development criteria.How to Approach New Construction InvestmentEmulating Buffett's investment strategy involves careful market research, understanding local real estate dynamics, and potentially partnering with experienced developers.

But if you are brand new and maybe want to start tracking your finances in an online system like QuickBooks Online, then it might would take some about 2-3 hours to get everything set up.

Brand new to REI in the Houston area.