Hi,I am thinking of buying one of the new construction homes in Austin TX.Contemplating between Hutto vs Kyle.Could you pls share your suggestions?

I only have student loan debtI have a full-time remote jobI have no prior experience in real estate investingMy credit score is high 700'sHere are the details about the property in Zenda,WI:Asking price: $235KIt’s being sold by out-of-state heirsIt needs at least $50K in repairs and updatesThe neighboring house recently sold for $235K (though I don’t have details on its condition before the sale)A family friend who owns a construction company assessed the property and noted the following:Replacement Needed: Furnace, Water Heater, Water Softener, Floor (concrete replacement needed due to unevenness), Roof, GuttersUpdates Needed: 1.5 BathroomsConcerns: Black mold and water leak marks upstairsRemodel Suggestion: The staircase is very steep and narrow; recommended to relocate and extend it into the living spaceAdditional Work: The property slopes downward, allowing rain to flow into the house.

We are a nationwide marketplace that provides access to multiple TK investment opportunities, many of which are new construction.

Lol You can go the B2R route & purchase New Construction.

The other disadvantage of storage rental is they are generally slow to fill up, we are financing a new Construction self storage, and the lease up is estimated at 4 years.  1 suggestion would be to buy 1 container, lease it, then buy the subsequent container.

@Kent Kettell  Since you  are asking specifically about rehab lending the construction loan administration is most critical.

For ground-up inspector spec or builder development, we're usually topping out at 80% of cost (land plus construction plus soft costs) up to 70% of As Completed Value.

I own a successful construction company that mainly focuses on kitchens, bathrooms and interior remodels and have been in business for over 4 years.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

When a tenant moves in to a new construction property with no issues we find that they normally stay 3-4 years.