TO BUILD OR NOT BUILD

[Wendy Lavana]

South Florida has a tight housing market. I have 1/1 rentals in Ft Lauderdale that are leased are out to section 8 tenants, most of them come to me from different Housing agencies. I wish I had more units to help the social workers place these individuals in. Lots of investors often shy away from these types of rentals, but over the years I've somewhat mastered them and I sometimes believe the more I have the easier they become to manage. I've been thinking that if it was possible/feasible to build, would it be wise in this market to build housing projects for individuals who receive government assistance and how I might go about doing this. I often hear the cost of construction is hight now, but then I listen to podcast of people who've been building and doing well.