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Updated over 1 year ago,

User Stats

7
Posts
5
Votes
Austin Culver
  • New to Real Estate
  • Mcloud, OK
5
Votes |
7
Posts

Metal Multi Family Homes

Austin Culver
  • New to Real Estate
  • Mcloud, OK
Posted

Hello, I have built my own barndominium and just love it. I am new to real estate investing but think it would be super simple to build a multi family house using a metal building for the shell. I found references to a guy in Missouri that built duplexes all in for 60k that are 850 sq foot per side and rent for 625 a month. I believe that is just the price of the structure and no land included but he had 10 or so of them so that land price would be divided up decently. I believe I could get closer to the 800
range per unit but even at 625 the numbers are pretty decent. With a metal building the larger you go the cheaper per sq ft the building is so it would be just as easy to do a triplex or fourplex. Also with concrete stained floors and a metal roof you could "renter proof" one pretty easy and have fewer maintenance costs. Any one else have any ideas or pictures of others with the same concept?

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