Building for Rental

Posted on April 8, 2024

Thinking about building rentals in my area. Need to figure out the whole process. It probably isn’t that different than the regular building cycle. Getting a construction loan to build and getting a contractor to do it for me. The main concern is building at the appropriate scale so that the rental cost covers the construction loan/mortgage. Oddly enough, I think I want to keep the properties, and just have some regular income. An appropriate size home would be a 3 bed 2 bath home in this area. It may or may not have a garage. In some cases it might just have a car port.

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