Yeah. This is your fastlane.
Using these numbers, it costs you $1,400 total per unit.
At $90 profit per month, it will take you 16 months to pay off a unit.
That's an unheard of payoff rate in Western real estate.
Using your cashflow, this year you have 30 units total. Next year you can have 50, then 83, then 140, ... then in 7 years total from now, over 1,000 units ($1MM + in annual profit and growing).
If I was you, I'd be taking out loans. and putting everything I had into real estate.
The average price on buying vacant land in these areas is around $4000; and can occupy up to 20 studio apartment units. each unit will cost about $1200 to build(including labor)..
Using these numbers, it costs you $1,400 total per unit.
At $90 profit per month, it will take you 16 months to pay off a unit.
That's an unheard of payoff rate in Western real estate.
Using your cashflow, this year you have 30 units total. Next year you can have 50, then 83, then 140, ... then in 7 years total from now, over 1,000 units ($1MM + in annual profit and growing).
If I was you, I'd be taking out loans. and putting everything I had into real estate.