Build to Rent Multi-family

[Damon Aniton]

Anyone building their own new construction as opposed to buying existing properties?  I am leaning this route for my next property.

[Trevor Richardson]

You have to be in a market where the cost approach is better than the sales approach. The reason building multifamily doesn’t work in many markets is due to replacement costs outweighing buying and renovating existing inventory. 

Side note - isn't all multifamily build to rent? As opposed to SFR which is called BTR instead of build to sell to an owner occ.