All Forum Posts by: Richard Miller

It’s been a few years since I have seen this subject discussed so here goes. I am contemplating building a 4,200 square foot 4 plex on a $50,000 piece of property in North Texas. If I can build it for $75 a square foot that would be a total cost of $365K with $130k (25% down + property) out of pocket. Rent would be minimum of $750 or $3000 a month. It would appear I would have the note paid off in 7.2 years and the full $365k paid back in 9.7 years just in time for my retirement. I then have a free and clear 4 plex that is fairly new. I know this is a quick and rough description but I need to know what I'm missing in this idea.

Thanks Rich

Hey REI's, did you have tough times during real estate crisis? What do you do differently now as a result? If no tough times, why do you think that is? This could be helpful to someone investing today.

That has been my experience here in Dallas. The wholesale deal sale price is at or above the area comps. Still trying to find that experienced wholesaler that leaves some "meat on the bone". I believe that once I find two or three good wholesalers they will keep me busy.

Wow that's look great, thanks for the photo's. May have to look into that in the future.