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Updated almost 5 years ago on .

User Stats

912
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107
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Patrick Philip
  • Florida
107
Votes |
912
Posts

Building larger developments or investments?

Patrick Philip
  • Florida
Posted

I'm currently building SFH. On these I can expect to need about $50,000 for the down payment and interest payments. The rest is financed and I can expect to make around $75,000 profit per house. It's very time consuming managing even 2 houses at once. But if I were to look at larger projects, for example building a condo complex or a planned neighborhood... Is there a way to finance the down payment "creatively?" Perhaps do a JV with someone?

Also, what if I wanted to go the route of building something with the idea of renting it for a few years before selling it to an investor? Do large real estate developers/investors use the BRRRR strategy when doing this?