New Construction or Converting Commercial Building

[LaMancha Sims]

Which direction gives that biggest bang for the investment $$ in 2023? Building new SFH or Converting Commercial properties to renters? Like to hear others point of view.

[Solomon Floyd]

I think you'll have to weigh your options, but I'd say that building BTR (build to rent) is the best way to go. You can get more bang for your buck and have the option to sell if you really need to, with some stipulations of course. In the current market, you may want to stick with affordable housing and tertiary markets, less cost to purchase, and less time to build.