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Virginia Real Estate Q&A Discussion Forum
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Updated over 7 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Gaithersburg, Maryland
  • Member since Mar 31, 2009
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Gaithersburg, Maryland
  • Member since Mar 31, 2009
Connect
Account Closed
  • Gaithersburg, MD
47
Votes |
80
Posts
Virginia Real Estate Q&A Discussion Forum

Arlington VA build a multifamily

Account Closed
  • Gaithersburg, MD
Posted

Is this feasible? Buy low-medium residential zoned plot in Arlington, VA for 250,000. Hire contractor to construct 8-plex of one bedrooms for 750,000. All in for 1 million. 8 x 1500 rent = 12,000. Exceed 1% rule. 12,000 / 1,000,000 = 1.2%.

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