Purchase price: $200,000 Cash invested: $24,000 16 unit good bones building bought at an amazing price as an off market deal since it had many downsides but the downsides are just temporary.

I've been looking to expand in a way that will both benefit the construction side of the business along with growing in a newer space of business.

Clear, constructive communication should bring more facts to the surface that you can then work with.

There might be some new construction you can get good interest rate buy downs. 

I did BRRR lending there for years so on top of owning all of those I did at least 750 loans there.I had some new construction in Byram as well as Pearl  Rankin and Madison .We owned about 50 north of county line on both sides of 55 ..

We've had an oversupply in housing the past 2 years or so and will probably continue for the next 1-2 years, but everything I'm seeing has shown next construction starts have dropped substantially in the past 1-2 years so good chance we have an undersupply again in about 2-4 years once everything still being completed does finish and gets leased up.

Orange Park has had next to no new supply since the 80s/90s because of barriers to entry in the physical barriers around the submarket as well as the low allowable density for new construction.

I'm about to embark on my first commercial real estate development project.I plan to buy a ~1acre property in Georgia to construct a 20,000sqft building with the following breakdown:8,000sqft retail space7,000sqft warehouse space5,000sqft office spaceI'll be using some of the office space and warehouse space for myself.

The brokerage I work at also owns a construction company so would be happy to discuss some estimates.

I have had years to think about this having owned a nice slug of A class IE brand new construction in the best school district in the state. and over 300 C and D class with a sprinkling of B class.from Jackson MS to Detroit and many cities in between and on both coasts...