Are New Construction Rentals A Good Investment? With Zach Hjornevik (Ep 353)
Rental Income Podcast With Dan Lane
Rental Income Podcast
4.8 • 836 Ratings
🗓️ 8 February 2022
⏱️ 27 minutes
🧾️ Download transcript
Summary
We also look at his numbers for a recent deal including what he paid for the property, his mortgage payment, the rent, typical expenses, and his cash flow.
https://rentalincomepodcast.com/episode353
Transcript
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| 0:00.0 | inspiring interviews with today's top landlords this is the rental income podcast and now |
| 0:08.4 | dan lay jack why do you like buying new construction rentals yeah dan for me new construction |
| 0:14.5 | makes the most sense in my investment portfolio because i get a quality asset an a class-class asset. I always look for good neighborhoods. |
| 0:25.0 | You know, for me, I'm looking for those neighborhoods where there's anywhere from 700 to |
| 0:29.5 | 1,000 homes that they're building. And there are only about five different models that that |
| 0:35.0 | builder's offering. So a lot of cookie cutter low to mid grade new |
| 0:39.7 | construction. And for me, I don't have to budget any maintenance dollars for repairs in at least |
| 0:46.3 | the first year. And honestly, probably longer than that, this is a brand new property. Everything in there |
| 0:51.7 | is brand new. So you really shouldn't need to fix or replace anything |
| 0:55.9 | for quite a long time. But I'm curious to see if there's a downside. And I want to get to the bottom of |
| 1:01.8 | our new construction rentals, a good investment. Usually with new construction rentals, |
| 1:07.1 | you can't negotiate on the price. So you're not going to get a screaming great deal on a new |
| 1:11.9 | construction property. You're probably going to pay the market price. But the upside, I think, |
| 1:17.1 | is that they're probably very easy to rent. And I think that they're probably easy to manage |
| 1:22.2 | because you're not going to have a lot of maintenance and repair issues. It sounds like |
| 1:26.5 | Zach's buying in very good neighborhoods. So they're probably going to appreciate a lot better maintenance and repair issues. It sounds like Zach's buying in very good neighborhoods, |
| 1:28.8 | so they're probably going to appreciate a lot better than a property that's in a marginal |
| 1:32.7 | neighborhood. So I want to learn more about exactly what Zach's doing, exactly what he's buying, |
| 1:38.5 | and I want to take a look at his numbers. Joining us on the show today from Austin, Texas, |
| 1:44.0 | is Zach Yanovic. We'll take a really |
| 1:46.2 | quick break to thank our sponsors. We'll come right back and we'll talk to Zach. A good deal on |
| 1:51.4 | a rental property isn't going to last very long. To win properties today, you need to move |
... |
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