Building 4-6 plexes in a college town

[Jacob Marriott]

Hello BP I am a veteran builder for the last 15 years building custom homes, remodels, and a couple of spec homes. I am looking to build some four and six plexes in a college town in Idaho that is currently short on housing. Property is cheap, flat and each unit is shovel ready. I am seeking advice on the best way to finance. I am able to build in substantial equity into each property as well as a great cash flow. I am open to partnering with an investor. I hope to build and hold so this is where the financing gets sticky for me. Do I seek a hard money loan and hope to refinance? Build a couple, sell and build again? Or try to find a financial partner for the long haul? I have only worked with traditional loans for single family homes and don't have credit. We lived out of the country for the last couple of years on a sabbatical. We lived it and I am hoping to work towards financial freedom through this and other deals but construction is what I know.

[Jacob Marriott]

I'm going through Boise on Thursday. I would love to meet up. 

Jake