Developing?

1 Reply

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.