They are amazing I already bought two new construction homes from Morris Invest and they have been great. Tenants stay longer because it feels more like their home and you don’t have much cost with repairing things since the house is new.
@ReeInvesting5 күн бұрын
great content!
@davidstephens95942 жыл бұрын
I looked at some new construction turnkey opportunities which really intrigued me but noticed that the small cashflow was based on historically low interest rates. I've been doing a lot of # crunching in the last few weeks and see that rising interest rates are killing many deals. Coach Carson I really appreciate how you think outside of the box on creating opportunities. I would be very interested in you covering some strategies on how to adjust to the new higher interest rates on investment properties. Thanks
@Scircx Жыл бұрын
The cost to borrow money is expensive right now. Any owner builder who can do cash is king right now.
@danmurphy94402 жыл бұрын
Perfect timing Coach as we are 1031ing an almost 40 year old property in Mauldin, SC and looking at new construction in a rapidly growing area a few more exits up 85. As you know, with the restricted timeline we have to identify and close on the replacement somewhat quickly. Will definitely look to use your strategy on the next one, especially with the lot. Thanks again.
@AaronNorris2122 жыл бұрын
The Norris Group has been doing this for three years. Personally, I have to say that I love owning new rentals. I have diversified and upgraded all my rentals for the most part in the last four years. I’ve gone to a more landlord friendly state as well. Building at this current moment in time is very difficult. Our built times, because of the pandemic, has doubled if not tripled. Luckily we landed on a really good builder but it has been stressful, especially when trying to accomplish very complex 1031 exchanges. Getting rid of my terrible rentals (old, rough areas, tough tenants) in California when trading to brand new houses attracts a very different renter and the repairs are far less over the golf times. It just so happens that prices and rents skyrocketed the years that we’ve been in Florida. The land costs are just so different.
@CoachChadCarson2 жыл бұрын
Anything Norris Group is doing is worth emulating! Thanks for sharing, Aaron. I remember you all talking about this transition to Florida a while back. Sounds like some hurdles but glad it's happening. Does the builder finance their spec and you just buy it from them after complete with 1031 funds?
@jerusspry16092 жыл бұрын
I have 3 new build for rental. It works really well. Love your stuff coach!!! Thank you for your time putting on good content. Please reach out to talk about i have done with the new build
@islandgirl538211 ай бұрын
Thank U Coach for your transparency and detailed explanations.
@heathermartin22352 жыл бұрын
Thanks coach! Heather Lowder (Martin) here. Thanks for answering my question. I did sent you an email about my story.. homeless to retiring at age of 50 with real estate investments! Let me know if you ever want to feature my story. Enjoy Spain! I’ll keep following you!
@felisak6053 Жыл бұрын
What if you buy a newly constructed home and live it for a couple of years and turn it into your first rental? Are there any strategies, or financial computations that we can follow through or a video that you can recommend? Thank you for providing us with information to use.
@gfoster1732 жыл бұрын
Always great information! Thanks Coach.
@seidomike2 жыл бұрын
Hey Coach, This is "Spidey" from one of your web classes. Can you PLEASE do an episode on a build vs. buy a rental analysis? Thanks to your instruction, I feel ready to graduate from buying multi-family duplexes to building one for rent on a lot for sell. There is a lack of supply in a great location I know yields good rental income for the type of duplexes is my motivation
@leeroach33819 ай бұрын
Very helpful Thank you for sharing
@anua22477 ай бұрын
Hello Coach, Where can we check if the rental property land can accommodate one more house construction? Currently I like a rental property with house size of 1270sqft and it has 0.14acrea land. If possible I would like to construct one more house on the vacant land.
@muhammedcagrkartal99543 ай бұрын
How to invest into a build to rent startegy from overseas without managemnt on my side.
@alpinismutilitar38862 жыл бұрын
Thank you from Romania!
@juliancolvard57422 жыл бұрын
Gotta get Kurt Burchert on the podcast. He builds to rent
@InvestwithKhan Жыл бұрын
Just came across your page. This was great!
@CoachChadCarson Жыл бұрын
Awesome! Thank you for stopping by!
@chrisharris47225 ай бұрын
What are your thoughts on this plan? I currently own a duplex on a 7 acre lot. I’ve subdivided the lot into 4 separate properties with one being the duplex. My plan is to build a single family home (self build) with cash, then cash out refinance so that the mortgage of the property is 1/2 of what the projected rental is ($1k/ month mortgage, $2k/month rental). The refinance would allow me to draw approximately $60k-$70k of equity plus the cost of materials to then go on and build on the remaining lots. The all in cost for materials and the little contractors I would need is projecting to be $130k conservatively, with the anticipated appraised value of $300k-$320k based on similar properties sold in the area. Is there anything I’m missing?
@calves933 ай бұрын
Seems like a pretty good approach
@markdunn8745 Жыл бұрын
Do you offer 1 on 1 consultations?
@CoachChadCarson Жыл бұрын
Thanks for asking, Mark. I'm not doing any consulting right now. I plan to start back with my online course/community later this year, and I do a little 1-1 coaching for students of the course. If you're on my free newsletter (coachcarson.com/newsletter) I can let you know when that starts.