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Updated over 5 years ago,
Self-build multi unit homes - does it make sense?
Hello everyone! I am a newbie to Canadian markets. We are moving to halifax NS shortly and I'm looking for build a property portfolio there. We had a small portfolio here in UK, its all sold and I have about CAD 500k to start with. I'll be jumping full-time into real estate investing now.
Has anyone done or considered buying land and building your own multi unit properties? It can be built to specification (minimum wasted space) and I could save on maintenance long term if the build is done to a good quality. So the plan is to buy land, build, rent it out and then finance it to release money. Repeat.
If anyone has done this, please could you share your experiences?