I generally pay my GC a 40% deposit to get started which covers the first couple phases of the project. 

If you built a triplex next door you wouldn't necessarily need to split the lot if you were looking at a build and hold scenario and you could get owner-occupied construction financing.Doing 5 or more units on the same parcel puts you into commercial loan territoryYou could however potentially split the lot and then build a four-plex next door and stay within residential loan guidelines.Construction loans in my area typically lend 60-65% loan to costYou may have enough equity in the house to be able to get that 65% financing without any cash out of pocket.If you were able to split into 10th of an acre lots you could phase the build out of 6 single family homes: BBRRBuy, Build, Refinance, RepeatGood luck!

I'm not sure what your financing strategy is for your early phases, and it sounds like you've got a solid background in finance.

I’m thinking about building apartment complex in phases mainly due to finances.Question re refinancing.

Additionally, most banks will require a vesting/resting phase of anywhere from 6-12 months, i.e. you'll have to own the property that long before being allowed to refinance.

Hello to this great community, I'm glad I finally found a community around real estate.Well to introduce you, my name is Stelios 32 yo from Heraklion, Greece(Crete Island), married with 1 kid.As for Real Estate, right now I'm working on buying 2 studio apartments in my area(Heraklion).According to my newbie research in the area, the market in my town must be right now in phase 1 but I'm not 100% sure, to be honest.Bureaucracy alone is one hell of work in my country and I already work 3 months on fixing papers, waiting for tax systems to unlock so we can get some tax papers needed and much more things...Well to consider numbers, the 2 apartments are in the center of my town and they are both sold at the deep discount of 23600€ right now if you ask me this is a very rare price.

I am currently in the research phase getting ready to invest.

I just got a quote for $280 per month during the remodeling phase vs $80 a month after completion.

Hi Bob,When purchasing apartments/multifamily, there are 10 main reports you want to obtain during the due diligence phase (between contract and close):Financial document auditInternal property condition assessmentMarket surveyLease auditUnit walk reportSite surveyProperty condition assessmentenvironmental site assessmentAppraisalGreen reportMuch more involved than due diligence on a SFR.

If you're adamant about being a rental property investor in this phase of the market, seek high yield in lower appreciation markets out of state.