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Updated about 4 hours ago,

User Stats

3
Posts
1
Votes
Preet Oberoi
Pro Member
  • Investor
1
Votes |
3
Posts

Multi-family construction opportunity with no construction experience

Preet Oberoi
Pro Member
  • Investor
Posted

Hello everyone, I have 13 years of experience as a landlord with two single family rental properties. I have been analyzing fix and flip opportunities in NYC and CT as my next venture. But in the meanwhile, I have come across a land in an up and coming CT market which is already approved for under 10 units. Even though the budget of the project will be about 4 times of where I was looking to start with a fix and flip, MF financing looks very encouraging and a silver lining. I was eventually going to pivot to multi family after getting my feet wet with fix and flip, but I am wondering if I should just jump in right away. Would appreciate advice and even offers for partnership in this project maybe from someone experienced. I am trying to assess whether I should take it solo , leave it or scout an experienced partner. Thank you for your time!