Updated over 9 years ago on . Most recent reply
New member investing in Pensacola FL.
Hello! My name is Sam and I am new to real estate and this forum. After unsuccessfully looking for multifamily homes near the University of West Florida I purchased an acre in an amazing location. The plan is to build 16 2/2 apartments. I realize that this is an ambitious first approach into real estate investing but I seem to like making things difficult. I am also in the military stationed in Europe so that makes everything even more challenging. Currently I am working with a local contractor who has experience building multifamily homes and has been straightforward and reliable. I hired an engineer who drew up a property plan and is meeting with the county to gain approval. Then the contractor can begin gathering estimates and getting me more accurate costs. Then I can begin the hard part, getting this thing paid for.
This being my first experience I have a lot of questions and am open to any advise from more experienced investors. Thanks for having me and I look forward to learning all that I can.