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Updated 9 months ago on . Most recent reply

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Matthew L Hearn
  • Wilmington NC
2
Votes |
2
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looking for advise on new build to rent properties

Matthew L Hearn
  • Wilmington NC
Posted

I'm looking to build on .44 acres in Wilmington NC. The idea is to build multifamily rentals to hold for the long term. The engineer I'm currently working with drew up a plan for five townhouses. Four townhouses are 1250 sq ft one bedroom and the fifth is 2 bedroom. The plan is to maximize the space we have and rent as midterm rentals to medical and business professionals. My question is does it make sense to build one-bedroom condos? Or maybe just build two duplexes with two bedrooms each? Any input would be appreciated.

  • Matthew L Hearn
  • Most Popular Reply

    User Stats

    466
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    Wyatt Wolff
    • Lender
    • Charlotte, NC
    278
    Votes |
    466
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    Wyatt Wolff
    • Lender
    • Charlotte, NC
    Replied

    Two duplexes would be much easier to finance. 

  • Wyatt Wolff
  • [email protected]
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