It's expensive in Mexican development to switch providers after this planning phase.

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.

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

Quote from @Galant Ant: Permit delays in NY can derail timelines and budgets for developers and flippers.

In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC.

Develop a team with essential members, focus on moderate property prices and high demand, and start with cosmetic flips.

You always invest in areas that support your thesis on the development going forward, not historical.Everything you've mentioned is how you're emotions work.

Balance Sheet can show how much was a building was purchases for, how much principal loan is still outstanding, how much is in escrow and how much is in tenant security liability, Construction typically in the long-term development are put in the balance sheet and not P&L.Most investors are doing multiple type of real estate, not just rental.

Obviously the course designers have huge success in RE, but I am more interested in the course they developed and what I should expect to get out of it. 

I am putting together a pitch book for an $8M ground up self storage development.