Building Small Multi-Family? Is it worth it?

[Jeremy Kleier]

We are considering building small multifamily units? Thinking 4 to 8 units in B class neighborhoods. 

Is anyone currently doing this? 

What are the risks? 

The hypothesis we are trying to poke holes in:

Building new properties for long term buy and hold (think 30 years plus).

- Less CapX over the lifetime of the property. 
- Instead of buying other multifamily's on the market we can build for the same price.