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All Forum Posts by: Jeff Efird Jr

Jeff Efird Jr has started 3 posts and replied 17 times.

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Mandy Walker Yea I've been trying to take in all that I can. I will check all of that out. I'm taking it slow trying to find all the resources I can to maximize profit up front

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Kiley Nakamura Yeah sounds good. What stage are you in?

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Adam M. Still working with zoning on that. Realisticly I'd like 10 to 12 fourplexs in all, but I have been thinking about building 6 to 7 then on the rest of the land build some 1200 to 1400 sqft sfh and selling them to cover a good bit of my cost.

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Ned Carey Thanks Ned. I'll definetly check it out. I try to read as much as possible

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Anthony Dooley We have 5 acres were looking to build multiple units. Plus I'll be my own builder being I own a construction company. I've been looking for a while but not a lot of multi-family around me

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Benjamin Maciel I'm working on those numbers. I'm going to see how many I need to build to make sure I can have a decent profit immediately

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Matt K. I'm located 15 min outside of charlotte. Tri and fourplexs are doing really well. Especially the mid range ones. Really everything is doing great. That will slow down soon though in the home building and buying department but it's looking like renting will stay hot. Theres not enough homes being built fast enough for the influx of people coming in so rent is their only option.
@Russ Smith I'm a custom and spec home builder. I've had a good bit of home loans in my name but most banks around me wont touch investment property builds anymore. Really hard to find one

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Matt K. Yea. I've been looking at numbers. I can build them for around 90 dollars a sqft. It would really be a long term investment. I'm definetly looking for a rehab though. Much easier

Post: Multi-family build to rent advice

Jeff Efird JrPosted
  • Contractor
  • Kannapolis, NC
  • Posts 17
  • Votes 7
@Ned Carey Main thing I'm looking for is amount of money to put into them for a certain return. I've read a bunch of literature but they go back and forth on the subject. This will be my first multi-family and I know they are a totally different beast compared to SFH.