I jumped on it very quickly and was incredible for me and a family member who partnered with me.

This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.

A HELOC is not a great tool to use as a down payment on a long term hold, it is best used in quick turnaround scenarios.

You can customize the approach to your own needs.

Quote from @Lisa Bell: Thank you for the quick reply.

As a custom builder for decades, I dealt with this way more than once, especially with new subs that had not worked for me before.Back in the old days we used to just go with a verbal ok, but in the last 20 years or so, it is imperative to have a written CO (even an email sent from the jobsite) from the Sub and then I would add 20-25% and submit a CO of my own to the customer.

Negotiations focused on highlighting the quick closing capabilities of Partner Driven, securing a competitive price of $605,000 and ensuring the deal’s success despite the highly competitive market.

Another quick question Alex. 

One quick question about turnaround time.

I have close to 100 doors, thus I will pick up something even if it is barely cash flowing so that my other cash flowing assets can pay down the mortgage reasonably quick.