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Updated about 1 year ago,
Using equity to build multifamily apartments
BP,
I am wondering if it is possible to use the current equity I have in all of my properties (roughly 2 million) to buy land and build new construction multi family units? Would I need money down? I’m just not sure how I am able to use that equity if I want to build units?
Also, I own a home improvement company so I have a lot of connections in my field to where I can cut corners on costs, labor, etc.
Any sort of direction and feedback would be appreciated! Thank you.