I live in Greenville, South Carolina and I am looking to purchase a piece of property to build a duplex, quadplex or neither. I am new at real estate and would like feedback on how best to figure out what is the highest ROI. Any suggestions are greatly appreciated.

Thanks,

Paul     

To build? Unless you have a ton of  construction experience, as a fellow newbie I would not go into construction right off the bat.

I would find some properties that are owned by '"tired landlords" who do not really want their property anymore. Take this property and improve it, get better tenants into it and raise the rents to market value or slightly more. 

Let me know if you have more questions,

Andrew

@Paul Garrigan i agree with @Andrew Angerer .  The cost to build from scratch is too high in my opinion.  You should be able to find plenty of properties that you can pick up faster and cheaper.  Not to mention that building new takes a lot of experience to make sure you avoid costly errors or issues.  

@Paul Garrigan what class of multi family are you wanting to get into? I live in piedmont sc. you can find some cheaper multis depending on what class you are wanting. I wouldn’t want to start with new construction right now anyway. Prices are too high and the good builders have plenty of work. Just my 2 cents. Good luck. 

Hi Paul, have you looked at Boiling Springs? There are a lot of duplexes in the area. I would recommend looking outside of Greenville for multi-family. Let me know if you need any help with the house hunt. Andrea 

We have a couple of lots free and clear but have decided to hold off because of our construction costs at the moment.  We are finding better opportunities to add value on other built properties.