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Multi-Family and Apartment Investing

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2
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David Honeycutt
Pro Member
  • Rental Property Investor
  • Florida
2
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8
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Anyone building new Duplexes out there?

David Honeycutt
Pro Member
  • Rental Property Investor
  • Florida
Posted Nov 22 2022, 13:17

Looking to draw on some prior experience here. I'm considering the multi-family strategy and I'd like to go ahead and build new. Has anyone gone this route? What kind of pitfalls should I be aware of beforehand?

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Joseph Beilke
  • Real Estate Agent
  • Palm Coast, FL
199
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290
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Joseph Beilke
  • Real Estate Agent
  • Palm Coast, FL
Replied Nov 23 2022, 04:53

@David Honeycutt

Doing one right now in Palm Coast FL.  DM me and we can talk about the challenges and success thus far.

  • Real Estate Agent Florida (#SL3346780)

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Tristin Crum
  • Investor
  • Beaverton, OR
34
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25
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Tristin Crum
  • Investor
  • Beaverton, OR
Replied Nov 23 2022, 05:53

I have been looking into it, ultimately, from my analysis, it comes down to getting the land at a good price, I have been looking at doing it in Oregon which is a HCOL area. I have a builder that specializes in building 2 to 12 unit properties that has reasonable rates, I just need to find land at a reasonable price. 

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User Stats

8
Posts
2
Votes
David Honeycutt
Pro Member
  • Rental Property Investor
  • Florida
2
Votes |
8
Posts
David Honeycutt
Pro Member
  • Rental Property Investor
  • Florida
Replied Nov 23 2022, 06:55

@Tristin Crum agreed, the price of land is the biggest blocker. 

Has anyone used VA loan for this type of strategy?