Updated almost 3 years ago on .
Want feedback on building duplex/Triplex/small multi
Hello Hello Hello in my best Mindy voice.
Is anyone out there building small mutlifamily housing? I have seen a lot or two near me on the market and have wondered if anyone is having success building and holding or building and selling a multifamily residence. I was originally thinking of duplex but any insight would be appreciated. Would think residential zoning might be the path of least resistance but again, i'm very new.
My parents just built a custom house to retire in and I saw first hand some of the headaches they had to deal with. I'm counting on some of that. I do have a very good HVAC and plumbing contractor with many relationships with the other trades which makes it more enticing to me. Granted I can come up with 25% and get financing for the construction and convert to a traditional loan after, I think its feasible. I honestly am in the dark with new construction costs though from scratch.
Looking forward to feedback.