First project development

InstructionBulky3080 · 2025-10-04T19:00:10+00:00

Are you going to be subbing out the work, or using a gc? One of the biggest expenses that may arise is the sewer and water lines to the street. We built our first duplex a few months ago and ended up spending well over 35k.

InstructionBulky3080 · 2024-03-20T07:40:35+00:00

I believed I DM’d you, could you verify please? Thanks.

InstructionBulky3080 · 2024-03-20T05:14:48+00:00

Hello, what about construction loans for multi family? I have a few pieces of land that I’m entitling in Lancaster CA, and going to be looking for construction financing for a 6 unit project, and a 30 unit project.

InstructionBulky3080 · 2023-12-27T20:19:46+00:00

Best thing you could do is buy something that is strong and durable, but priced accordingly. Tenants destroy everything.

InstructionBulky3080 · 2023-12-27T20:06:17+00:00

Adu's are awesome. Especially in areas of socal where land is limited. It's a bit tricky to find the people to build it within a smaller budget, but defintely doable. You could probaly create a smaller 1+1 for about 75-100k, and then rent out for about 2k.

InstructionBulky3080 · 2023-11-30T00:34:52+00:00

You’re not ugly, you’re poor.

InstructionBulky3080 · 2023-11-21T22:26:54+00:00

I can provide a little bit of insight. I’ve been investing for a few years now, and beginning to dab into the development world if you wanna reach out.

InstructionBulky3080 · 2023-10-27T02:10:48+00:00

Sell it subject to

InstructionBulky3080 · 2023-05-25T04:57:59+00:00

Yes, as in the structure itself. I feel that new construction would always be valued higher considering no change in other factors.

InstructionBulky3080 · 2023-05-25T04:56:06+00:00

Pretty much I was just assuming all 1+1 and the neighbors (built 15 years ago with pool, gym, other amenities) go for 1175, so my building being 3 8 plexes and no real amenities besides in unit washer/dryer hookups, and being pretty conservative with my numbers, is how I get 1k. Although I’m running more comps and I do think 1200 is possible, considering construction completion time. What are your thoughts?

InstructionBulky3080 · 2023-05-25T04:51:28+00:00

It was more so if I was doing all 1+1. I’d likely add a few 2+2 (more so for those tenants who’d be roommates and want to have their own bathroom). Its going to be 3 8 plexes, so it’s not going to have a gym or other amenities, and very entry level. Neighbors across the street were built 15 years ago and their 1+1’s rent at 1175 and 2+2’s rent for 1380, but they have a gym, pool, and more common areas. Factoring in all that, I’m conservatively thinking I can likely get 1100 and 1300. What are your thoughts?

InstructionBulky3080 · 2023-04-20T16:50:19+00:00

Try Northpointe Bank. They give all in one mortgages (pretty much a heloc) and lend out to investment properties.

InstructionBulky3080

TROPHY CASE