First new construction multi family build

[Ruslan Bachinsky]

I purchased my first high density property in Sacramento, CA. 1 acre. 2 years later got it entitled for 20 units. 1bed/1bath with carports.

I'm a SFH builder and developer. Ran my numbers and not confident it will work.

Would like to connect with someone that has built or developed multi-family apartments in the 10-50 range.

So I bought three properties that I plan to develop. 8 units 2/1, 20 units 1/1, 39 units 1/1 & 2/1. Market rent.

Ran my improvement and build costs. Do you make money on the build or break even but have cash flow? Both? What is an average profit spread on a new build?