Updated about 4 years ago on .
Multifamily: Buying Vs New Construction as a FirstTime Home Buyer
Hello! I was curious to ask, in a seller's market as this (Currently 2021) with inventory being purchased and sold off at higher market prices, would it be a good investment move as a first time home buyer to find and purchase land and then develop a multi-family home on the property? Then, in time, develop more units on the property?
What would be your overall thoughts and the best process to go about it?
With gratitude!