Building for Rental
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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