They would offer a more hands free approach, but eat up the profit in return.

If I had to guess I would say your money could “develop” 1-2 houses in Staten Island but in the right market you could easily get up to 12 or possibly more good units fully paid for.

Hi BP community - I'm an investor with 3 SFHs in the Nashville area looking to acquire my first small multifamily property (2-4 units).I'm trying to determine the best approach for the 25% downpayment, comparing using cash that is currently sitting in a high yield savings account to funds from a HELOC on one of my properties.

However; the real estate market here hasn't stopped at all, and it's blazing.

This last year I've been trying to really learn the business and begin to market for properties.

Total profit less closing costs and commissions will be about 42,500 each or 85k total.I would for sure get a construction loan, may be worth approaching 2 or 3 different banks and getting separate construction loans from different banks. 

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

This approach balances guest convenience with managing costs and inventory.Happy to connect and share more tips!

I was wondering if most wholesalers have stopped using direct mail and just moved to google/facebook to find deals?

That is a successful approach.