Real Wealth Show: Real Estate Investing Podcast Investing in Real Estate: Updating Your Rental Portfolio with New Markets, New Homes (Audio)
Today’s real estate market is worlds different than it was ten or so years ago. Back then, it was easy to find great deals on homes you could fix-and-flip or buy-and-hold as rental property. Now, home buyers and investors are competing for a record-low inventory. That’s pushing homebuyers and investors toward the new construction market. In today’s episode, RealWealth investment counselor Ben Erik Smith will talk about how his investment strategy has changed, and why he’s so enthused about newly built rental properties. Spoiler Alert: He just closed on a brand new four-plex in Florida.
Ben owns 18 doors in Florida, Ohio, and Pennsylvania, and is looking to buy two more for a total of 20. All of his properties are older renovated homes, except his new four-plex. He has worked for RealWealth since July 2014 helping other investors build their portfolio. In this episode, he will talk about the positives and the negatives of buying new construction rental homes, along with some of the markets where you can find them.
Markets mentioned in this episode include: Jacksonville, Orlando, Palm Bay (Space Coast), Charlotte, Atlanta, Houston. If you’d like to learn more our new-build markets, and the purchase of new construction rental homes, please join RealWealth and log in to the Investor Portal. You’ll find market data by clicking on New Construction Rentals under the Invest tab.