🏙️✨ This 12-acre, multi-phase project is set to introduce:✅ Luxury Living – A 383-unit apartment community & boutique hotel✅ Business & Retail Hub – Over 400,000 sq. ft. of office space & a variety of restaurants, shops, and fitness studios✅ Pedestrian-Friendly Spaces – Green areas, public art, and a vibrant "main street" atmosphere✅ Historic Charm Meets Modern Growth – Two historic brick mill buildings will be seamlessly integrated into the design🏡 Market Insights:📈 Avg.

I think our modeling has adapted to market changes over the years, so we've stuck with Excel as we can easily change the parameters to keep it "fresh".

New builds-broke even in the '08 market on two spec homes, built my own home from the ground up twelve years ago(400k in equity). 

From what I've seen in this area right now, it seems like you'd have a hard time paying market LTR rents and making a good spread. 

If market conditions change or you struggle to generate enough revenue, securing a commercial loan could be tough, and you’d risk losing that money. 2.

And yes it sure isn't what it seems, especially in this market.

So, the extra unit may cost you more then it brings if you cannot access equity or if the market discounts the property when you go to sell due to financing available.

My problem i is my market is super expensive if I stay in the nyc area and I don’t have the confidence since I don’t have any actual experience to invest out of state do you guys think paying off my mortgage would be more beneficial than looking for more rentals .

By far your best bet are cheaper markets.

@Sean Spagnola - I always like to have photos of recent comps in my back pocket to help with the design of a BRRRR to ensure that the finishes are similar/same to the market.