I reached out to a friend about getting an investment property. He’s a GC, I’ve been doing construction my whole life.
Reply: I’d love to, but you can’t get a house. The big corps are buying everything up before they hit the market. The ones you can find are so bad they’re not worth it.
I can show two projects that were recently completed in Georgia, in Covington and Grayson. Brand new. Townhomes and single story homes. All rentals.
I did that in 2000. Built a 4 unit, condo-ed it. Rented 3, kept one for weekend home. Sold the whole thing plus extra land and taps for 12 more units in 2019. Worked out great. Some of my old tenants are friends and still around.