Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Building a trusted team is key, so starting that process as you actively search for your market will put you in a strong position moving forward.

Purchase price: $1,500,000 Cash invested: $35,000 4-Unit building in Wicker Park, Chicago. 3-unit front building with a duplex up and a back brick coach house.

Just want to mention that sometimes it works out better to raze an existing property down to like 2 studs and rebuild around it so that it still is classified as a remodel versus a complete new build. 

i found in my build projects that started just before and continued through the pandemic prices rose. everything but lumber became sticky IE they rose but did not fall..

All contact, maintenance, inspection, lease, anything is handled in a queue....not a call.

Build a strong brand, leverage content marketing, and establish a personal brand to attract investors and build credibility.

Where you fall in that range will be dictated by bedroom count per unit and the quality of the area/building itself.

At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

On my new builds we hit the double cash on cash in certain markets sometimes its only 50%.