All Forum Posts by: Benjamin Bleasdale

I just priced a house out with the new price of lumber and so far it’s an increase of $10/sq ft. Not really that much of a change, but contractors are using it to justify jacking up the cost of new construction

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Angelique if you need someone to build a house for you I’m in Sequatchie county and build new construction homes.

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Chattanooga, Tennessee

Riley I’m a contractor and about the biggest thing which I suggest to my customers is make a plan you like and stick to it. A poor plan or changing up the plan costs so much more than saving some money at the restore or something like that.
if you need any help with your project send me a message. I’d love to talk and see if we’d be a good fit.

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What is your timeline? My construction company, signal mountain builders, is currently building a new construction house but plan to be finished in roughly three months

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How is the property independent of house hacking? If I were to buy a house as a house hack or a live in flip that would be my question.

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I’m sure I do need to learn more. At some point though you need to formulate a plan and go for something.

If you read my initial post you’ll notice I didn’t say what should I expect to pay. I asked what are people paying for a 50 unit. Try reading before being judgey.

Originally posted by @Charles LeMaire:

What are people paying for a car? Seems to be about as clear a question. There are a lot of variables and therefore no clear answer. Even if that other fellow paid $XXX, you may not be looking at the same car.

Back to the 50 unit apartment: What CLASS (A,B,C,D)? What is the NOI? What is the CapRate? How well is it being managed? Yield play or Value play? What potential is there for increasing that NOI. Professional Management? (Go for 60 or 70+) Or are you buying yourself a job?

I feel that you need to learn a lot about how apartments are valued, operated, etc. before you jump into this. Apologies for my lack of tact.

Regards,

Charles LeMaire

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Bob, that’s pretty much what I was wanting to know. Not really open ended. I know there will be a large variance depending on locations and size. Wanted to know what peoples experience was.

Originally posted by @Bob Prisco:

@Benjamin Bleasdale too open ended question, it depends where . I have paid/flipped 20k per door up to 35k,,

Good luck

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So some of the things I hear from real estate are.

1. Every one wants to be in multi family

2. 50 units or more is ideal.

With that said, what are people paying for 50 or so multi family units?

Rather than buy a sfr or duplex if I could save up the 25-30% down for a multi maybe that would make more sense? Just thinking

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Talk to @Brian Levredge for property management in Chattanooga.

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Chattanooga, Tennessee

All Forum Posts by: Benjamin Bleasdale

Benjamin Bleasdale has started 9 posts and replied 53 times.

Post: HELP! I CANT BUY A HOUSE... Yet.

Post: Where is the realestate market going with lumber prices going up

Post: Hi Chattanooga, Im looking for affordable land to build on.

Post: First Purchase! Looking for Advice

Post: Contractor in Chattanooga, Tennessee

Post: House Hacking Numbers

Post: What are people paying for 50 unit multi family?

Post: What are people paying for 50 unit multi family?

Post: What are people paying for 50 unit multi family?

Post: Property Management in Chattanooga