I had a multi but I sold it because returns are really not worth the headaches of an older home from 1907 and it already appreciated 100k+ in 2 years because of this insane market. 

@Sokun So Joshua Tree is an extremely competitive market.

Quote from @Michael Baum:It's definitely a fair market rate in my market and the North East, but thanks for your opinion! 

How is the new build market doing in your area?

Purchase price: $4,900,000 Cash invested: $1,900,000 2012 Build, 39,060sf Multi Tenant Industrial asset in a great market with tremendous expansion.

It's about 2-3 pages and says "Note" at the topPlease keep in mind this is based on today's no cost rate which changes based on the market Should you have any questions or require any assistance regarding this process, please do not hesitate to reach out to me.

And there are certainly large margins to be made.. the big builders in many markets want lots in real time they look for middle men to bring them to them.. in our Market here in PDX where they are located there are a few of them..

Can you find a market 1-2 hours away instead of 6 hours away?

Partner Driven saw an opportunity to transform the property with strategic improvements, enhancing its appeal and market value.

The entire premise of this plan relies on the appraised value of a duplex, and how much $150k gets you in your market.