can that work in your budget?   

Or they can try to find a locksmith (we only have two in this area) and pay $40 - $60 to get in.I realize this post was from 4 years ago, but my God - we can't get a locksmith into their truck for less than $200. 

Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.

- For those who build in phases, how do you structure budgets and plan cash flow to cover extended construction timelines?

If 10x20 units are budgeted for less than $130 then not an A location.  

Both work, but it depends on what you are trying to accomplish and your budget.

Risky part with pulling the equity out to use on a BRRR is what if the BRRR goes over budget, doesn't appraise, etc.

I think it can be profitable for seasoned real estate investors who have both the time and expertise to make sure their rehab project stays on budget, but I definitely wouldn’t recommend biting off more you can chew and doing BRRRR for your first deal.

., but we have gold wheels for cars, BIG wheels for trucks, higher tolerance wheels for off-roading, and so on...

I have to budget for other expenses (repairs, maintenance, etc.) out of pocket.We are coming from Seattle which is a more expensive market and we have the cash to be able to do this, but I hear your pain - when you are starting out, that might not be a good idea.