All Forum Posts by: Wade Kulesa

Hello all, looking for input on whether it is feasible to build your own rental units. I am currently a contractor in my city and looking to get into homebuilding as there is a great need for housing currently. I figure the best way to break into it is to just build a twin home myself to learn the ropes, then keep it as a build n' hold rental. My wife is a realtor so between the 2 of us, we figure we can keep our costs low. Any input would be much appreciated!

@Jonathan Taylor

Looking at a cabin on a popular lake in South Dakota. They are asking $130K, last sold in 2016 for $99k. Big issue is, the cabin sits on land leased from a local Native American tribe. Currently 3 yrs. in on a 15 yr. lease. Wanting to AirBnB it, but having trouble getting financing. Been told it will not qualify for traditional mortgage financing. Appreciate any help. Thoughts?

Well said Todd Powell

Thanks for your input Mike, Kris, and Arsen. Seems like most people are on the same page around here.

@Kenneth Garrett. Thanks for your input, Kenneth. Much appreciated!

@John Farady. Thanks for your input, John. Much appreciated!

@Corey Hawkinson Thanks for your input, Corey. Much appreciated!

@Cory S. Thanks for your input, Cory. Much appreciated!

@Eric James Thanks for your input, James. Much appreciated!

@Mark H. Porter. Thanks for your input, Mark. Much appreciated!