I have over 30 years experience in operating office buildings in NJ and would be will to run the operating arm of these investments for a % of the deals.

I would like some honest opinions/ experiences from everyone about my crazy plan!

It’s also an excellent opportunity to gain property management experience.

It might be best to hold off until you hear of other BP members who have experience with them. 

Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.

I found investors to do well when they already have experience in their local market.

Ask how many units they manage and how much experience they have.

This conversion will begin at the end of the month.I am just sharing the above to give context to my level of experience with this type of investment.I look forward to hearing from you all.

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

PMC staff are good at maintenance and maybe repairs, but they are NOT licensed contractors with years of real-world experience.