Are you searching for an excellent real estate investment opportunity? Nationwide, individuals are actively pursuing build to rent options! Discover the benefits of engaging in a build to rent scenario in our latest blog post!
Build to rent is a relatively recent term used by investors when purchasing land with the intention of development. Instead of handling the land acquisition, builder selection, and project management on your own, you can now collaborate with real estate professionals who offer comprehensive services. This one-stop-shop approach allows you to choose your desired building location and property type, while a company like Lone Star Real Estate Solutions LLC takes care of the rest. It’s an ideal method to transform a moderate financial investment into an income-generating asset that quickly recoups its costs and provides long-term benefits.
How It Works
When partnering with a company like Lone Star Real Estate Solutions, you have the freedom to select your plot of land and the desired floorplan for construction. We collaborate with skilled and professional builders whom you can trust to deliver precisely what you desire, within a shorter timeframe and at a lower cost than you might expect. Through our extensive builder partnerships, we negotiate reduced construction expenses, ultimately saving you money. This process enables you to create something remarkable where nothing existed before, accumulating wealth and equity along the way. As an investor, building a new property reduces maintenance and repair costs compared to purchasing an older house for rental purposes. With fewer issues to address, you can better ensure that your tenants will care for the property!
How Long The Process Takes
Depending on the property type and the builder’s schedule, the construction can be completed in just a couple of months. This timeframe accounts for the permit process, inspections, and other miscellaneous factors that arise during home construction. Working with a company like Lone Star Real Estate Solutions LLC ensures a fast, efficient process that is professionally managed. Our builders understand the end goal and will work tirelessly to help you achieve it.
What You Need To Do
Before making a purchase decision, conduct thorough market and location research. While we can provide you with all the necessary information, it is your responsibility to perform due diligence on the property. Ensure that the investment aligns with your comfort level, comprehension, and enthusiasm for the purchase!
Marketing the property for rent should be relatively easy since it is brand new. However, it’s important to thoroughly screen all potential tenants to avoid having the wrong individuals occupy the house. There is nothing worse than building a new home, only to have it disrespected by the occupants. As an investor and landlord, you should possess the knowledge to properly screen tenants and manage various other tasks that contribute to your success. If any part of the process makes you uncomfortable, consider working with a property manager until you become more familiar with the procedures.
When You Can Expect To Receive Your Profits
You will begin collecting rent once the property is complete and you have secured high-quality tenants. However, before breaking ground or signing a purchase agreement for a build to rent property in San Antonio and surrounding areas, ensure that the numbers align. Even before construction commences, evaluate the costs, local market conditions, and potential rental income like a seasoned landlord. There are numerous formulas investors employ to calculate the potential profits of an investment property in San Antonio.
Who’s Doing It
Investors worldwide are leveraging build to rent scenarios to swiftly enhance their real estate portfolios. As this trend gains popularity, build to rent properties outperform older, dilapidated houses that are available for rent in San Antonio. People are drawn to the idea of moving into a new home, whether they are renting or not. By creating a fresh property, you gain access to a large pool of potential tenants to choose from.
Your Escape Plan
Like any investment, purchasing a build to rent property carries some risk. It is prudent to have a plan B in place and be prepared to sell the property if qualified renters willing to meet your desired price are not readily available.
Build to rent properties are rapidly becoming a favored investment vehicle for individuals in San Antonio and nationwide! We are more than happy to address any inquiries you may have about the process!