Dear Bigger Pocket members,I have a group of out of the country investors which are very interested to invest in new construction development in Los Angeles, mostly multiunit projects.I would love to get some experts opinion on the subject.Acquisition costs, prices to build per sf, average lot (ready to build) and any other useful info.I am aware that I may not asking all the right questions, but I have to start somewhere.Thank you !  

Also is going the condo route is better or can i get a decent multi unit/complex for 300k investment in different part of the country?

I'm a hard money lender in the Austin area so hopefully our paths cross in your RE investments

I realized for a while now that real estate is one of the best paths to long-term wealth.

And then we got married and had a baby.Now I have the better job I was looking for, but taking on some student debt, adding my wife's previous debt to the equation, and having to find a better place to live put a serious dent in my investment plans.The house is renting and breaking even while we rent elsewhere for a slightly lower price, and we're making just enough income to save a little and not dig ourselves a hole, but we're not on the path to much growth right now, and we have no borrowing power.I'm looking to volunteer my time to help some established investors out and gain the real estate experience and skills I need to eventually land some profitable partnership deals despite my limited spending power.

It is far better to wait a little while to start and follow the path of least resistance.

The normal path is a construction loan.

Also, how does one develop a comfort level while investing out of country?

I don't care, but don't want you to lead others down that path.

Any rule of thumb.Hello Roy,It sounds like you are on the right path.