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All Forum Posts by: Robert Powers

Robert Powers has started 1 posts and replied 4 times.

Post: My first apartment complex

Robert PowersPosted
  • Rental Property Investor
  • Sumner Trousdale, Wilson Counties in Tennessee
  • Posts 4
  • Votes 1

@Greg Dickerson Could you be more specific on what you mean by highest and best use based upon demand?? How could I find that out??

Post: My first apartment complex

Robert PowersPosted
  • Rental Property Investor
  • Sumner Trousdale, Wilson Counties in Tennessee
  • Posts 4
  • Votes 1

@Greg Dickerson what are DWQ requirements??

Post: My first apartment complex

Robert PowersPosted
  • Rental Property Investor
  • Sumner Trousdale, Wilson Counties in Tennessee
  • Posts 4
  • Votes 1

@Greg Dickerson the property is already zoned R-3 for multi-family which allows 3 unit buildings and up. Could you be more specific on what you mean for highest and best use based on demand?? How do I figure that out?? Thanks for your input. You've already brought up lots of things I havent really considered. I did call the local utility and asked about the availability and location of water and sewer, which available and proximate. I will have to pump to the nearest sewer connection. Does that mean I will need a large tank or multiple tanks onsite?? Is that what a lift station takes care of??

Thank, Robert

Post: My first apartment complex

Robert PowersPosted
  • Rental Property Investor
  • Sumner Trousdale, Wilson Counties in Tennessee
  • Posts 4
  • Votes 1

I started several years ago buying vacant land parcels at auction and reselling later for profit. Shortly then graduated to single family rentals for several years. Then bought an existing 6 unit bldg, rehabbed and rented then bought a small vacant parcel and built a 4-plex. Have held the rentals for several years and supplemented with doing rehab house flipping.  Recently bought my first vacant 8.72 acre multi-family parcel (currently zoned as R-3 with several allowable residential uses from sfr ,2-4 and Multi or group home.

Wondering what advice the more experienced apartment developers can give to help me along this path.

May also be looking for investor partners with similar experience and goals.

Thanks for the input,

Robert Powers