My name is Bryan, and I’m eager to start building wealth through real estate.

Mexico is already building tent cities to house them.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k Darnell, did you get your questions answered?

For example, I own two large multifamily buildings, and when I tried to get a tax exemption for them, I had different experiences.

No building inspections or permits exist out there.

Quote from @Joe Paasch: I have joined this site to gain important incites, discussions and plans to build a successful portfolio.  

I would strongly consider building equity to make a stronger down payment and further decrease your monthly cost. 

I have a portfolio of SFR out of state, but I am looking to start doing some deals on LI and want to build my network up here.

The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.

Class A- Brand New buildings with lots of amenities, good infrastructure & locationClass B- Building are usually older; priced less than Class A & need some updates/restorationClass C- Oldest buildings (20+ years); need significant maintenance; less attractive locationsWhere things become subjective is an older building located in a neighborhood that's changing for the better.