I do many projects in this area and I’d be happy to discuss yours with you.  

We do a lot of subdivide projects.  

Rise48 is raising preferred equity at a valuation that is not market, with income growth projections that are unreasonable, and putting $7,000,000 of new investor cash back in their pockets... $7,000,000!!

If it's a big project closer to 10, smaller closer to 20.

@Robert Deets If you have before and after pics you'd like to post once the project is done, that would be great.

Have you run any proformas or projections to this effect?

A friend of mine ran a similar project down in Texas, securing rental agreements with re-entry programs, and the biggest challenge wasn’t funding..it was making sure the tenants were properly supported.

I’m now looking to scale into commercial multifamily properties and want to ensure I fully understand how to underwrite and maximize value in the CRE space.One thing I’ve been wondering—when a seller advertises a pro forma, are they typically pricing the property based on existing NOI or the projected NOI after improvements?

We are targeting boost and flips, multifamily, and BRRRR projects. 

This said, I think its very important to be aware of the surrounding areas in terms of projected growth and developments to help plan year 2,3,4, etc.