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Updated 10 months ago,
Seeking Advice on Rental Property Investment Strategy - Building vs. Buying Fourplex
I am currently embarking on a rental property investment journey and have encountered challenges in finding available fourplex properties in the current market landscape. Considering this constraint, I am contemplating an alternative approach: constructing a fourplex on a suitable piece of land.
With a capital investment of 25%, I am curious about the financial viability of this strategy. Would building a fourplex from scratch yield favorable returns when evaluated against existing property options? Moreover, I am interested in understanding the feasibility of securing financing from lenders for such a project.
I am eager to hear from experienced investors in the community regarding the pros and cons of building versus buying fourplex properties. Your insights and advice on the financial implications, potential hurdles, and lender considerations associated with this approach would be immensely valuable to me as I navigate this decision-making process.
Thank you for sharing your expertise and contributing to this discussion.