Multi-family new construction
Good afternoon BP!
I have a couple of investors that are interested in building around a 150-door apartment complex. One has the land (and development experience with several residential subdivisions), the other is a supplier (lumber/trim for residential and multifamily), both also have the money to do so. Me and my partner build custom and production homes and are very comfortable doing so, but have wanted to branch out into multifamily for a few years. We both believe this would be a great opportunity for everybody involved in the deal. The biggest drawback is none of us know what to put on the property exactly (bed/bath counts, garage, clubhouse, etc.).
So my question is, who is the person we should start with? Is it a Multifamily Development Consultant? Eventually I know we will eventually need a property manager, do we find that person now, or wait for the feasibility?
Thanks in advance!