Yes. build to rent in urban core adjacent neighborhoods. traditionally in our market in Columbus Ohio existing inventory was good 2014-2020. as prices rose, the cost to build started to match existing inventory prices because of supply shortage, especially for 2-4 multiunit dwellings. around that time we started to look at new construction and land. we found that land is a 12 month or more supply in our market which makes it a buyers market and you can design any structure you want in new construction. if you like a layout or floorplan all you have to do is design it. after that we looked at the right unit mix and Floorplans and layouts. we started looking at high rent per square foot layouts that were better than single family.

The previous owner who was planning to make a pet hospital had some of the drawings and plan done on this old building.The previous owner also had no plans for addition or extension of the existing building since it requires zoning of a plot which is more time consuming process based on the feedback I received from county and a couple of civil engineering firms that I reached out to.I was provided the following list for civil engineering work.Pre-construction phase1.

Last month, I pulled the trigger on getting my first real estate property ever and decided to go with a 4 bed, 2 bath new construction to limit all the variables involved since I am still in college.

Like Jay said, often, new construction does not go as planned.

Here are some financing options to consider:HELOC or Cash-Out Refi on Another Property – If you or your mom have equity elsewhere, this could be a more flexible and lower-interest option.Business Line of Credit – Since the property is in an LLC, you might qualify for a business LOC, which could cover construction costs.Private Money Lender – If you’re okay with 12-15% rates, a private lender could fund this as a short-term loan, especially if the guesthouse will generate strong income.Construction Loan – Some lenders offer short-term construction financing, which converts to a longer-term mortgage once completed.Seller/Partner Financing – Bringing in an investor or structuring a joint venture with someone willing to fund the build in exchange for a share of the income.Credit Card Stacking or Unsecured Business Loans – Riskier but could work if you need to bridge a gap until the unit starts cash flowing.Would love to hear more details—especially your timeline and expected rental income.

We currently have a construction loan on the properties and we would like to refi to a more conventional loan.

Modern agriculture, construction, and service industries rely on immigrant workers not because they are “cheap labor” but because they are skilled and willing to do jobs many Americans won’t.

Hi guys, I'm looking at buying my first multifamily in the US, I've found some nice new construction properties in the Independence Heights area of Houston Texas (around $500K).

In other words, you get $1.6 million in commitments and call for 37.5% at closing and the rest when it’s time to start construction.  

I, and the investors that I work with find the advantages with new construction investment properties are so great it is sometimes hard to compete.