I’m a builder in TX and the idea of owning many rental properties excites me. Not wholesaling, L/O’s, or anything else. I’ve investigated them all and rentals seem most attractive to me.
I’m wondering if it would just be easier for me to build my own rental properties since I can build houses at wholesale. Instead of going out to try and find deals that would maybe get positive cash flow.
Selling my houses is fine but I have to keep building them in order to make money. I’m ready to start building my long term wealth.
The only challenge is the rising cost of building and finding land to build smaller houses that I can build in a good area. The tract builders have all the subdivisions in the price range I could build some rentals.
I usually build in the $200,000 - $500,000. I would need to build a house to rent for around $115,000. Which with today’s prices would be a stretch.