I may have to go back to financing in the future. hi dawn,i meant to put details on that too, but forgot while posting.yes, i used the line of credit that we have  (~170k) just wired the money. i have been buying "cash" for the last 8 months or so. i think that's the reason to get the houses that we have. i think i missed on a lot of houses simply because i didn't have the financing, and just like you, i was "saving for the next one". i think this was a mistake on my part.the line is at 4.5% and once emptied, we can bundle the purchases that used up the line into one loan, to "refill" the line and start over.

and how does one use it. and what is this new thingee and how does one use it.. in plain English.. us old RE developer lenders are pretty thick when it comes to this  we are too busy counting our money !

I see you have some web development experience.  

Although I'm not in that niche, I haven't heard about new 4-plex developments for instance.  

You need to know your market and for want of a better word develop a philosophy for your purchase.

I develop my own with help from hired independent contractors.

Or brand new developments. 

I personally know and have developed a relationship with my tenants. 

If your in development its very common for the city to ask for them on a new street or in front of a new project.

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 !