How to finance new construction 4plex - Posted by Pete
Posted by Pete on July 08, 2002 at 14:14:35:
I am very new to real estate investing
What I would like to do:
Build a 4plex (700 sq ft per unit) for a profitable nitch market (handicaped) Goverment pays the majority of rent, Gross $750 per unit. After the first one is rented I would like to add a few more buildings.
How can I finance this? I have $20,000 but pretty spotty credit and no verifiable income. Already have 2 parties willing to move(family). I would like a manufactured home factory to build this 4plex. And estimate the cost to be under $150,000.
Please email me if you can help or give direction.