All Forum Posts by: Zach Mulitauaopele

Thanks for the warm welcomes!

@Ben Rhodin Excellent points! After learning a little more about the high demand and longer lead construction schedules, I believe we'll do exactly that and look for a 3-4 unit property that needs a little bit of love and rehab with a 203k. I think you're right and that's a better way of starting out for the first few investments.  In general I'd say it's not that I don't want to compete in the market, as much as I want to leverage my existing experience to cover more of construction process. With that said, I think it would be a better move to build a small portfolio with solid cash flow before moving into ground up architecture and development projects.

@Brittany Guimond That's awesome and good to know on the current permitting timelines, I think to Ben's point it may be a reason to rehab an existing multi-family first.

Hello BP!

I am Zach and I am currently and architect + fabricator in Brooklyn, NY and I am looking to learn more about real estate investing and development. My wife and I are moving to Denver in a few months and I would like to take the time to connect and learn from like minded investors. 

Seeing how competitive the Denver Metro market is, we are hoping to use a FHA construction-to-perm loan to design and build an owner-occupied 3 or 4 plex, assuming we can make the right deal on land. I've started some digging into the zoning for Denver, there looks to be tons of SU with possibilities for ADU but smaller allowable zones for multifamily. Ideally we would design build small multifamily so I can leverage sweat equity as an architect and possibly general contractor if I can get licensed and onto the approved FHA contractor list before we build, the process seems to take some time. Would love to hear from folks in the area and if there are any recommendations on general contractors that you've enjoyed working with.

Looking forward to learning from all of you!

Cheers

Zach