To Build Units or Buy Them?

[Chris Thomas]

Just as you’d expect, I’m looking to build properties (should the numbers work) instead of buying older buildings with questionable histories. The question here is, how many of you have done the same and how has it worked out for you? What kind of rent are you seeing? 1%, 1.25, 2??? I’ve designed a floor plan in my head that I’m ready to run with after I put it on paper. I’m assuming a 15yr window before major maintenance is due, I’m thinking $100 per foot for construction.