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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingBuy land and develop multi-family?
Tim McKelvy's profile image
Tim McKelvy's profile image
Tim McKelvy
  • Real Estate Agent
  • from Fayetteville, AR
  • Member since Apr 22, 2022
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Tim McKelvy's profile image
Tim McKelvy's profile image
Tim McKelvy
  • Real Estate Agent
  • from Fayetteville, AR
  • Member since Apr 22, 2022
Connect
Tim McKelvy
  • Real Estate Agent
  • Fayetteville, AR
4
Votes |
7
Posts
Multi-Family and Apartment Investing

Buy land and develop multi-family?

Tim McKelvy
  • Real Estate Agent
  • Fayetteville, AR
Posted Jul 25 2022, 20:20

What are your thoughts on finding land and developing/building multi-family units? Depending on price of land seems it could potentially be a good investment depending on builder etc. For reference our area (NW Arkansas) rents are anywhere from $1000-$2000 on average but there are outliers in both directions. We are also home to 3 fortune 500 companies JB Hunt, Tyson Foods, and the king: Wal-Mart. We have 25 families moving here every day, we need more multi-family options. Anyone done anything similar?

Fayetteville, Arkansas
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