All Forum Posts by: Pedro Rodrigues

they are 1200sf per unit. That is disheartening! definitely buying an older one would give me better a better return, even with added maintenance costs. If only the prices weren't inflated and inventory low :)

Thanks for the reply Adam.

Thank you Colleen!

The area I’m is just outside a college town so long term would be primarily students and young professionals. Short term profit is about 40-50% more and I usually have guests visiting natural areas around or to do with the students in some capacity. Not camping in the woods per se but the lot is just removed from the center enough to give some measure of quite. 
Are there any restrictions on LTR of prefab cabins? Also, do you suggest any companies that would do this in a cost effective manner?

Thanks again,

Pedro

Hi everyone this is my first time posting. I'm as new as can be to investing in real estate. I own a duplex in the upstate NY area and I have been pleasently surprised at the cashflow this first year- about $14000 after expenses (short term Airbnb rentals for now). I'm primarily aiming at cashflow at this stage. I'm considering building more units on the land and, quite frankly, am a little disappointed by the construction prices. I've read online that multi family units are cheaper to build but I cannot find a builder that would put the 4-plex here for less than 180k a unit. So I have two questions for you:

1- Am I just hitting the wrong companies and the estimates I'm getting are inflated?

2- What do you think of, instead of a 4-plex, building 3-4 log cabins (2br/1ba) that I could lease 2 and Airbnb the other 2? I can build these for about 100k each.

Any help with these questions or any other advice on how to expand from here would be greatly appreciated.

best regards,

Pedro