For example, I’m doing three side by side duplexes and it’s costing me $135 psf, but I had to spend an extra $10k per foundation because of bad soil, and the smaller the property the higher the cost psfI’m working on a 28 unit with elevator, demo required, green roof, and it’ll cost me around the same psf as the duplexes.I’m doing three side by side triplexes which are full renovations, basement digout, all new facades, and that’s costing me about $106 psf for construction Non of these numbers include architecture, geotech, MEPS, environmental, utility plan, or finance costs

Hello BP Community,My name is Diane, and I'm just starting my journey as a real estate investor.

However once we started making improvements to the property, the idea of converting this to a STR (like the one we did a year ago), started to be a consideration.

There's no absolutes in real estate, and if you're weighing your priorities and not doing a bunch of work yourself is a priority, a condo can start to look real good.

In the least I hope the model is helpful to others, as a start if anything - just like I was searching for before this week.Reader beware : model is not for the fainthearted.

Sounds like a great deal, maybe you should start asking for a profit share instead of just a interest rate

He has $100k liquid set aside for investing and asked my advice on where he should start.

I'm a real estate agent, and hope to make about $40,000 as an agent this year and intend to continue until I outgrow my W-2 job.I will soon start renting out a triplex after April 1st.My goal is to buy more small multifamily until my net worth is high enough to invest in someone else and sit back and collect the check Ie. apartment syndication.Thought and comments are appreciated. 

What kind of lawyer do I need to help me get started in a STR business?

.- Refinancing is starting back up again.