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Updated almost 8 years ago, 12/16/2016

Josef G.'s profile image
Josef G.'s profile image
Josef G.
  • from Pearl River, New York
  • Member since Dec 13, 2016
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9
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Josef G.'s profile image
Josef G.'s profile image
Josef G.
  • from Pearl River, New York
  • Member since Dec 13, 2016
Connect
Josef G.
  • Pearl River, NY
0
Votes |
9
Posts
Multi-Family and Apartment Investing

I Have Questions About Real Estate Developemnt

Josef G.
  • Pearl River, NY
Posted

Hello so I am 19 and I plan to begin investing in real estate development within a few years.. i have come to gain a good amount of knowldge reading forums online but I have a few questions... 

I will be developing in the Bronx and Newark NJ 

Questions: 

1. What is the average cost per square feet to build in these to locations?

2. Roughly how much of the gross income should I calculate for taxes and other expenses.

3. On average what percentages do banks loan.. so my scores is a 725.. let's say it cost 800,000 to build what percent will they loan to me?

4. Any good books you recommend I read that will increase my knowledge in real estate development

THANKS FOR ALL WHO REPLY :)

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