Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

This year I may see if if I can get a construction loan to build 20-30 apartments, then refinance with an asset based lender. what markets?

I will research my market to find out what's required for my state.

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

It is not that good at the price point of DC or in my market (but better than my market).  

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Since it is a family member and I would potentially buy the property for under market value.

This will allow you to enter the market earlier with funds saved up.

This is one of the main inherent risks with pre-construction, and the pre-construction market has cooled, and with impeding tariffs, there is some uncertainty around where prices will be in the coming months.One thing to clarify, are you looking to buy an investment property or a primary residence (or perhaps abit of both where you live in one unit and rent out the other)?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)