1st Multifamily build

[Joey Arrazolo]

Hi BP,

I am looking for some advice as someone who only has only read 4 books on RE and looking to get my feet wet. My parents presented an opportunity to partner with them to build a 12 unit multifamily complex, 4 units at a time on 3 lots they own outright all next to each other. There is currently a duplex on 1 lot, empty middle and condemned house on the 3rd. I'd like to hear some tips on from experienced investors on where to get started with estimating the cost of this project.

Here are my thoughts so far:

Talk to RE Agents to find market rent in the area (C class neighborhood, planning to build B class complex)

Find GC to help estimate project.

Many Thanks,