We have a potential buyer of a lot in St Augustine, FL who would like to build a new single family short term rental.

Quote from @Richa Wardhan: Hello everyone,For those who call St Augustine home/ investment home , how challenging is the process to build an ADU on your property in St Augustine?

I have a unique deal that the property owner is just wanting the builder to build him a home for "free" and he will sign over the land.

I knew this 4 years ago and decided to build my real estate portfolio to get enough know how to finally get involved.

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

What building in Waikiki Did you buy in?

You want to build a long-term portfolio, but traditional financing seems out of reach.

I've built my entire rental portfolio off of going direct to seller and starting the cycle of 1. sourcing my own deals 2. assigning 3. using assignment fees to build capital to buy more real estate and more marketing. 

You are free to build whatever you want, sell the house once is finished, and the lien-holder (original seller) is paid off through title when the new house sells.

Quote from @Kelly Kitchens: I am a developer, investor, commercial Realtor and I build multi-family projects.Hi @Kelly Kitchens, welcome to the BP Forum!