I, and the investors that I work with find the advantages with new construction investment properties are so great it is sometimes hard to compete. 

Op ex ratio may end up being more like 45% or perhaps 40% with newer high quality construction.

The moisture issue and structural issue need to be addressed and you can do so before the insurance adjuster comes out.

The average sale price for all new construction homes in the Charlotte region was $488k as of December 2024, so nothing less than $1 million is 100% false.

New construction, fully decked out on the design and amenities. purchase price 785K, 40K in seller credits, 120-140k gross rental projections What made you interested in investing in this type of deal?

If so, you should also look into the insurance requirements during construction (both builder risk as well as the GC's policy, but particularly the GC policy).

My role with this MF company is to manage the design, construction of the GC's and opening of the properties.

I'm looking at their multifamily new construction as well.

For any investors in the group, take a peak at #10 Greensboro/High PointIt's an interesting choice of verbiage to look at "median" sale price YoY because 10% feels like A LOT on the entry-level/investment inventory, and more of what I see in the high-end resale and, specifically, new construction inventory that tends to swing our avg's way up in the macro.Completely disagree that rent will be 0%.

If you're going to live in it for a bit and fix it up you can adjust accordingly.