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 !  

Adrian, Yes, there are many investors/developers already doing this.  

The Reia in the area has a lot of local people that attend the monthly meetings.Basically any question that you have can be answered for immediate feedback or you can read the archives of previous conversations.I recently wanted to read about development and found many old forum conversations as well as blog posts on the subject.Best of luck.Ryan

Our attorney quoted another $500 to $1000 to develop the articles of organization and complete the other documentation.

We have seen a lot of development in the past 1.5 years.

Also, how does one develop a comfort level while investing out of country?

some of the possible platforms that Trump can help the real estate industryThere are too many restrictions on hotel developers:"They just built a hotel in Syria.

Since the crash we have those new apartment towers in the loop were built as apartments because nobody would touch a condo development with a 10 foot pole

I hadn't expected to do a first deal through probate, but we'll see how this develops.

I am developing my investment plan and my focus will continue to be Miami, but I am interested in finding cities 1-3 hours away where multis and single family homes cash flow nicely.