Highly recommend Chuck and Angie Robinson at Exit Real Estate and Ryan Fox at First Neighborhood Bank in Parkersburg, WV

Trust me, I've toyed with the idea.Vacant land where it makes sense to build large MFH stock might make sense, but chances are this isn't the land we're talking about here.The reality is most vacant land in Detroit is being repurposed for parks, the Joe Luis Greenway, solar farms, neighborhood gardens, etc.Beyond that, let's say you plan to hold long enough for SFH prices to get high enough where it does make sense to build. 

Highly recommend Chuck and Angie Robinson at Exit Real Estate and Ryan Fox at First Neighborhood Bank in Parkersburg, WV

Despite the headwinds, sellers continue to see home prices grow, buyers’ appetite for housing remains high and bidding wars are still occurring.

Many of the other nearby homes are larger, so I thought the demand would be high for a furnished 2BD. 

If you buy in with a high rate, wait two years, and your property appreciates and rates come down, you get a double windfall when you refi because the payment goes way down and you have equity to pull.BUT, that is a big if in today's market.

From a rental standpoint there has been an influx of new supply (mostly high end) apartments that have both come on market as well as that are in the pipeline.

There is a high likelihood that they will find out at some point and all trust will be broken.

Hey Jinesh, I would highly recommend taking it slow.

Hey Francesca, I highly recommend Innago as that's what I use.