Multi-family build to rent advice

27 Replies

2-4 units have bad exit strategies so consider that although the pro formas look better than sfh

Originally posted by @Lane Kawaoka :

2-4 units have bad exit strategies so consider that although the pro formas look better than sfh

I disagree - all ours are setup as townhomes or condominiums from the outset. A no brainer on exit strategy as it is in place from day one. Townhomes are 100% approved for FHA/VA financing from the outset - condos are a little trickier. Dues are not paid until units are actually sold out of the complex . Only then are the units added into the HOA - best of both worlds in my experience.

Originally posted by @Jeff Efird Jr :
@Kiley Nakamura Yeah sounds good. What stage are you in?

We have the team in place and are currently scouting for land that will support quadplexes.  As @chrisyoussi said, we are seeing 1% as a realistic projection.  

It's great that you have a nice plot on hand and are capable of managing the projects yourself.  

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you