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Updated about 8 years ago on .
Need help with 4-plex goal
So I live in the Lower southern region of Texas by the border (you've probably seen us on Border Wars).
Anyways...
I'm a newbie with no Investing experience, but highly educated in common sense! I also have a determination to get started in this business.
Lately for some reason the idea of building a 4-plex, holding it, and selling ASAP has been so appealing to me.
Now I have a close friend of mine who is an experienced real estate investor. His business is in the building of Single Family Homes and selling. He claims his "team" can build me a 4-plex for about $80k NOT including the land. My bank will approve me with a $40k personnel loan and a lender will provide me with $80k which I'll need 20% ($20k).
So here are my goals and issues.
Goals:
Where do I start??!!!!
~any help would be greatly appreciated Thank You~