All Forum Posts by: Winston Parks

@Jerry Stanford, how did this project turn out? I am currently researching the possibility of rehabbing an absolute eye sore motel (still in operation somehow). Curious what you learned and are doing with your project.

Best,

Hey BP,

My goal is to develop an 8-12+ unit building with myself living on premises. Has anyone used FHA for the land and construction cost of a new apartment building? I have absolutely no experience in building residential apartments (only commercial stand alone), but my research has directed me to FHA, FHA 203k, and FHA223(f). It seems like with the 203k, you can get this loan to cover rehab and/or new construction in multifamily with no more than four units. The language in the FHA 223(f) loans makes me believe that will not cover new construction. If anyone has experience in this area then I would greatly appreciate any guidance. If you are in the Nashville area, I'll even buy you a drink. My goal is to maximize the amount of dwellings I can have on a particular lot, earn rental income, learn how to manage my property, and have a decent apartment in the process.

Thanks in advance!

Thanks @Jack Butala. I appreciate the encouragement and positive outlook. All the best to you as well.

Thanks @Luka Milicevic. Our partner's sole focus is the urgent care sector. We have not done any projects with HCA or Life Point. Do you work in corporate RE?

Hey BP, 

I work as a Development Manager and Partnership Officer for Acqudev, a development and land acquisition company. Currently, I am working with a partner to place Urgent Care medical facilities across Tennessee and Kentucky. I am interested in learning from this community, discussing new ideas, and being of help in any way I can. Feel free to reach out to me if you are interested in any of the above.