It sits in the $8,900 range at the moment.

For this project, that would mean targeting land in the $1.5 million range.

If you put the 300k down on say a $1m multifamily, it's only going to get you a 2-family if you are lucky and rents in the range of about $7,000, again, if you are lucky.

I ask because I've interviewed a number of general contractors over the years for my various real estate projects and am shocked at how the vast majority showed up to the job site to give an estimate in a vehicle that did not display their contractor license number or business name.Aside from this one issue, they'd often have great portfolios, long list of successful permits I could verify they pulled, great references, no complaints on their license, and had been licensed for over a decade.

For now all you are going to see is more of the same because the vast majority of inventory is being held by people with 4-sub 4 rates and they can't/won't want to afford elevated prices and 6+ rates.

The deals west of 315 and east of Glenwood Ave are B/B- range depending on the street they're on.

Is there anything in that price range in those areas that would be cash flow positive or break even at that price range.

Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned.

Beware that they advertise interest rates in the 2 - 4% range while the real rate is more in the 10 - 20% range.e.

This is going to range wildly from market to market.