Then subtract the cost of the work to be done (build in a generous buffer).

Purchase price: $140,000 Cash invested: $50,000 My first ever Multi Family Building that I got at a good deal from my first Mentor into the business.

It gets a guest in the door and you build the experience from there. 

For instance, FHA loans frequently permit smaller down payments for multifamily buildings, increasing accessibility for owner-occupiers.Examine the Cape Girardeau, Missouri, local real estate market.

My goal is to build a massive real estate portfolio that would create generational wealth for my future family.

Do builders prefer buying lots and building?

For context, I spent a decent amount of time building AI tools in real estate and shared this article AI in real estate what is hype what is real in BP a a bit ago.If you are paying $250, and it is not making that money back, then it is wasted money. 

Anything you build you'll likely be upside down on when the project is completed.

If you are interested in investing out of state I highly recommend that you build a strong team in your chosen location.

Wholesaling is one of the best ways to build capital while learning how to flip houses and getting experience structuring real estate deals.