Try to get some experience by helping your friend with some of his projects.

It would be a rare new RE investor that could hope to have taken on this project without partners with experience.My point is investors in different stages of life and experience have different criteria for their RE investments.  

Multifamily projects often yield higher per-square-foot returns due to economies of scale and consistent demand for rental units in urban areas.

You normally handle the whole project yourself.  

@Nicholas DillonI concur with @Vessi Kapoulian comments.Promised or projected returns do not mean actual returns.

Most projections I’ve seen are calling for rates to stay right around where they are this year, or if anything possibly going up a little.

He will own 1/2 of about 4M in real estate after 2 years and is already under contract on 2 more developable projects.

Who did you end up using for your project, if you don’t mind me asking?

A BP fan favorite and a great way to snowball overtime. 4️⃣ Invest in Syndications or Private Lending:If you’re not ready to own property yourself, you can passively invest in syndications or become a private lender on fix-and-flip projects.

The contractor also committed to informing me and getting my approval for any cost changes during the project.