Network with local investors, undertake extensive due diligence, and develop a clear exit strategy.

Since then I have developed my programs and brokrered over 250 deals.

Hopefully, based on actual field measurements, past project data, and estimating software, your contractor can develop a detailed estimate that lays out the cost of labor and all materials for each phase of the project.

The first indication is you spent $290k for $1800 cash flow or a 0.62% monthly ratio.Rent $1800 - PITIH $1480 - $180 (pm) - $90 (vacancy at 5% which is lowest i ever allocate in my underwriting and likely low per the OP description of a lot of new development) = $50 for all other expenses.Maintenance/cap ex on 4/2, 2100’ will exceed $300/month even in cheap labor markets on sustaining basis.  

I have a close associate with a large project there and the local banks have turned off the spick-et on funding his developments and these are very large multi thousand acre deals.

The primary goal is appreciation adding value building equity and therefore net worth.I’ve been at this “game” 46 years  and there is no magic bullet.It takes time, discipline and consistent effort.But it can be done in 10 years.Of course this means living below one’s means - ie spend less than they make - to develop and build cash and capital that can be invested and then watch ot grow over time.Hope this helps.Arn

After a while you’ll develop a knack for figuring out who really knows what they are talking about and who is just full of it.Company Websites.

Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags. 

Tons of growth coming all over town with new developments constantly, plus the weather is great 9 months out of the year!

I have no idea how anyone makes money investing in real estate in the Hong Kong market - other than developers, that is.