What if you could make six figures on your first real estate deal? “Yeah, right! Where am I going to find a property like that?” you say. What if we told you that instead of finding a home-run rental property, you could build a better one? Now, not only do you have some instant equity once the house is built, but you also deal with none of the expensive capital expenditures, regular repairs, and common headaches that come with owning an older home. And you can do this even in the most expensive of markets. When Lacey Russell was looking for an investor-friendly agent, she turned to BiggerPockets Agent Finder, where she found her rockstar real estate agent, Sam Haack. Together, they realized that building a new construction rental worked FAR better than buying one, so Sam scoped the market for investor-friendly builders, and now, they’re off to the races. They’ll go through the full numbers of this real estate deal, from land costs to loans, equity forecasts, cash flow, and more! Want to find an agent just like Sam? Hop on the BiggerPockets Agent Finder, answer a few questions, and get matched with investor-friendly agents in your area: http://biggerpockets.com/agentmatch ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Books Mentioned in Today’s Show: Buy, Rehab, Rent, Refinance, Repeat: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media Rich Dad Poor Dad: https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none Wealth without Cash: https://store.biggerpockets.com/products/wealth-without-cash?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Try the Rental Property Calculator on Your Next Real Estate Deal: https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media ~~~~ Connect with Lacey: LinkedIn: https://www.linkedin.com/in/lacey-russell-384b3214/ ~~~~ Connect with Sam: BiggerPockets: https://www.biggerpockets.com/users/samuelhaack?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @samhrealestate or https://www.instagram.com/samhrealestate/ ~~~~ Connect with Henry: BiggerPockets: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @thehenrywashington or https://www.instagram.com/thehenrywashington/ Show notes at: https://link.chtbl.com/BPRE 00:00 Intro 00:48 No Homes to Buy? 03:08 BUILD a Rental, Don't BUY One 07:10 Looking for Land 12:15 $175K in Instant Equity! 15:18 Financing at a Lower Rate 17:10 No Cash Flow? No Problem! 21:36 Finding an Investor-Friendly Builder 24:14 Update on The New Build 25:03 Find YOUR Investor-Friendly Agent!