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Updated about 10 years ago on . Most recent reply

Larry Flanagan's profile image
Larry Flanagan's profile image
Larry Flanagan
  • Investor
  • from Midwest, USA
  • Member since May 31, 2012
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Larry Flanagan's profile image
Larry Flanagan's profile image
Larry Flanagan
  • Investor
  • from Midwest, USA
  • Member since May 31, 2012
Connect
Larry Flanagan
  • Investor
  • Midwest, USA
33
Votes |
204
Posts
Multi-Family and Apartment Investing

Economics of Multi Family New Construction

Larry Flanagan
  • Investor
  • Midwest, USA
Posted

I am reviewing a new construction project - 48 townhomes that will be kept as rentals.  Market rent is $1,500/mo, construction budget is $145k/unit.  I just dont see how these sort of deals pencil out.  Do developers inflate costs to maximize borrowing power or what am I missing??

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