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Updated almost 4 years ago on . Most recent reply

James Mitchell Walker's profile image
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James Mitchell Walker
  • Member since Jul 8, 2021
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James Mitchell Walker's profile image
James Mitchell Walker's profile image
James Mitchell Walker
  • Member since Jul 8, 2021
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James Mitchell Walker
1
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16
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Multi-Family and Apartment Investing

Should I wait for lower material prices or build multiplex now?

James Mitchell Walker
Posted

I am a Licensed General Contractor in Eastern North Carolina. I am torn between starting a construction project of 5 duplexes or waiting for construction material prices to come down. Plans and financing have been approved. What is your best advice? Thanks

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Richard Masino's profile image
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Richard Masino
  • Real Estate Investor
  • from Smithtown, NY
  • Member since Jul 24, 2015
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Richard Masino's profile image
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Richard Masino
  • Real Estate Investor
  • from Smithtown, NY
  • Member since Jul 24, 2015
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Richard Masino
  • Real Estate Investor
  • Smithtown, NY
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14
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Richard Masino
  • Real Estate Investor
  • Smithtown, NY
Replied
What if inflation turns out not be transitory after all but the rate of increase merely slows? Or, what if you get your wish of lower materials prices caused by higher interest rates? Point is the future holds multiple unknown variables.
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