Hi, I'm just wondering if any investors out there could share what their purchase point is in Rhode Island when they buy from wholesalers?

New home builds have been way behind the pace of population growth since the crash in 2008, pair that with low interest rates and two of the largest generations in history searching for homes and you get the over-demand we have now.

I'd like to sell my rental home and buy the largest MF I can afford (likely 6-10 units.)

I am a general contractor in Long Island NY for the past 25 years.

When you get to the outer islands market is thin as you state..  

A nicer new build is quickly 7 figures, that for a 2800sf ranch with a few bells and whistles.Met with one of the largest builders in the area yesterday and he thinks lumber prices will come down, but never to previsous levels.

The largest population group in the US is now entering their statistical home buying period, which is likely contributing to the low levels of housing inventory at the national level.  

From bls.gov, "The Consumer Price Index for All Urban Consumers rose 2.6 percent for the 12 months ending March 2021, the largest over-the-year increase since August 2018.

They will help you determine basis for depreciation, which is usually your largest tax savings. 

I have been driving around and checking out different areas from Marco Island to Venice and there are lots of great neighborhoods along the coast worth checking out.