I'm looking for multi family property in the Tyler Texas area and not having much success. There's just not much available. We were thinking about buying some land and developing a series of duplexes. Has anyone done this? And would you advise it?
I think there is a 24 months window or so for this opportunity. I think in most markets its probably a good call but act fast. The entitlement process may push you into some rocky waters. I would be conservative with leverage but overall....I am looking to do a similar project in addition to Spec Homes.