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Updated about 1 year ago,

User Stats

281
Posts
128
Votes
Stephen Jones
  • Rental Property Investor
  • Illinois
128
Votes |
281
Posts

Using equity to build multifamily apartments

Stephen Jones
  • Rental Property Investor
  • Illinois
Posted

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.

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