Keep reading, educating and working on your personal finances.

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.

You learn the most about being an agent in the field and by choosing a good first brokerage with good training either in-person or online, depending on your preference.

., great questions and there a couple of ways to handle this in New Jersey, depending on the situation.1.

We had a few hiccups with the timing of contractors on site and it lead to a 4 to 6 week delay.

I believe Travis' ranking is spot on and how I would rank them.

Focus on building a network of contractors for repairs, set clear boundaries for house hacking, and take advantage of tax benefits.

Ideally you have the company and the tenants on the lease since one party is paying rent and the other party is in the home.

You’d earn 0% on your $275k. 

I ended up buying a SFH home on a nice-sized lot and I am building an ADU on the property.