BRRRR or Build from scratch

[Rob Bianco]

Looking for a bit of advice on how best to deploy my $250k budget. I'm an out of stater investing in Kansas City and I've been working with my boots on the ground to scour the market for potential BRRRR or flip opportunities, but it's hard to find inventory since the market is booming. I'm not really satisfied with picking up 1 SFH every 3-4 months .. seems like I could churn out more if I had the availability.

I've been thinking about buying a lot of land zoned for multi-family and utilizing my capital to just build multiple duplexes. I could build one, sell it (or keep it as a rental), take my gains to build the next one, rinse and repeat, or apply for a construction loan to build them all at once. I'm not sure if this is a realistic goal in today's marketplace, but in my head it sounded a lot nicer than sitting around waiting for the right house to go on sale or go up for auction. 

Would definitely like to know if anyone has done this before or had experience doing something similar.