Sri,Are you a General Contractor/Builder or are you simply looking for financing to build a 2-4 unit?

Several years prior to Covid I got my finances in order to start investing.

Here are some practical tips and insights based on my experience managing a real estate fund and working in this field.First, setting realistic expectations.

Hi Eric, Have you lined up the financing portion yet?

Bought this from County Land Bank How did you finance this deal?

mls How did you finance this deal?

Certainly not impossible, but the multifamily market (especially for larger properties) is pretty active and below-market purchases, while possible, don't happen as often as they might in the smaller property space.Pro tip:  If you still like the idea of purchase cap rate, use stabilized yield on cost instead. 

My client and I settled on an offer of $405k with all contingencies in place (inspection, appraisal, financing).

I found some articles and old forum posts on BP last night that discussed problems with financing and insurance for this arrangement. 

@Ned CareyThanks for the tip!