All Forum Posts by: Doug Woodville

@Diron Binns I'm not sure how to even start with this. I suppose I would say:

What are you asking? You want to build a home on a lot you own. Cool. Do you not understand the process from A to Z? Are you looking for design opinions etc? Help us help you. 

I would also add that since it's a 6 unit you'll have to be getting a commercial loan with different terms than what you're assuming which will make a big hit into your cashflow. 

@Jack B. Most of the ones I've looked into have been in the Ohio area. A couple in other states but I don't have my notes out to tell you which ones exactly.  

@Jack B. From all the ones I've analyzed I've yet to see a SFH cashflow for more than $200/mo. In fact I think the highest I've seen is around $175/mo. I generally look at SFH's around the $90k purchase price.

 Not to get to far off topic but do you use the cashflow from lets say 6 of the TK's to pay down the 7th one quicker? 

This is very interesting. I hope you get them rented ASAP and can build the next ones. I love the idea. 

Sounds like you got lucky with a good contractor on the first go around. Hang onto that contact for the future! Any before/after pics?

Hopefully you have all your documentation to back up what you're saying! That sounds like a PITA. I hope it works out well for you. 

Seems like you've made out well as far as budget goes though right? It seems like you're right on budget actually. 

Yeah where are you getting your lists? Are you handling all the calls?