New Investors want to buy/build 4 plex

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  • Jonathan GreeneBusiness Member
    Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
    2y

    You both make 100k a year and you want to build a 4-plex to replace your job and only manage the property or cruise off passive income? I just want to make sure I have this correct because that is not a thing.

    If your goal is to leave your job, it's not going to be through one investment and it's certainly not going to be feasible to build a 4-plex in Vegas or Henderson unless you have a solid bag of cash somewhere.

  • Member since 2024 · 3 posts · 1 vote
    2y

    No sir, lol. I’m not expecting to “cruise” off of the income from the four plex. This would be our first step. As I said we are new. I have been doing some research but I need more specific information about things like buying the land and the permit issues and utilities and things like this. Also a loan on a new construction home converted to a mortgage. I’m not clear on the steps of all this. That’s why I joined the group. Please be patient. Helpful commentary only.

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