Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

We're doing multi-family redevelopment and the architect is taking 6 months with constant hounding to respond to notes from the plan reviewer.

I want to start off by getting into single-family homes, then later on the line, once I have more experience, work on larger projects such as multi-family 5+ properties.

I would do a few BRRR deals (SFR or small multis) and then re-assess your situation.

No way, unless you're talking about a multi-family common area.

Hey BP! I am a young investor that got the opportunity to make a big jump in my investing journey. Just a little background: I am still a senior in college, and I own a single family rental that I house-hacked last ye...

the marketing must be different than a $400,000 home- What aspects of real estate do the multi million dollar buyer look for, As opposed to a couple hundred thousand dollar home? 

House hacking a multi-family is a great way to start in real estate, and connecting with others in Southington will help you build a strong network.

You can always house hack, buy a multi family, do a trailer park and live in a trailer etc.

This friend informed me of an investment opportunity in Dubai renting out flats (multi room apartments) by the room.