New Construction #newconstruction #shortvideo #shorts #short #realestate #investing #house #tips

11 Sept 2024 · 1 min

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Steve D Valentine advises first-time home buyers to invest via new construction by being an early buyer in master-planned communities to capture accelerated appreciation as the community develops. He recommends living in the home initially, then after about a year either converting it to a rental or selling to fund the next new-construction purchase, repeating this process multiple times over 5–10 years to build equity or a portfolio of rental properties.

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One of the greatest ways, if you're a first time home buyer and you want to invest in real estate is how Wendy and I started, is to start with new construction. And I don't mean like just a random subdivision. I mean really think about the new construction. Is there a master plan community that you can be one of the very first purchases? Because while it's being built, the prices are gradually going up, so you're getting a little bit of accelerated appreciation. Then I would move into that house, I would live in it, and then I would start about a year into living it, I'd start looking for the next new construction, new project where I can be that first purchase again, again, and I keep the first house as a rental and then move on to the next one. Or you might sell this and capitalize on it and put that money into the next one. This is an easy way to do five or six times in the first five to 10 years of owning a home that you could potentially, at the end of 10 years, either own your home free and clear, or you can have a handful of rental properties. It depends on what goal you're trying to accomplish.