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Building a rental home

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MyronGainz

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Hey Guys,

I bought a rental property about 2 years ago and it came wit ha 4500 sqft vacant slot of land. I am talking with a home builder to build a 2 or 3 unit rental property there. Anyone have experience doing this?

Let me know, any advice or tips is appreciated.

Myron
 
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O uxp vjsii qsuqisvoit op nz vuxp cav emm e qsi caomf junit. Piwis caomf epz ug nz qsuqisvz, cav jewi iyqisoipdi ug sipv uav vji qsuqisvz. O jewi nz qsuqisvz duptamvepv xju fupi emm qeqis xusl epf emtu gopf vipepvt gus nz qsuqisvz. datvufoep xiemvj caomfist dunqmeopvt
 
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Nz fef jet caomv nepz juatit op jot mogi. Vji upmz sietup ji ot ecmi vu fu ov epf neli nupiz ot cideati ji lpuxt vji dufi, vji mext, vji optqidvust, vji opt epf uavt.....jux vu tuasdi vji nevisoemt, xuuf, tuom, qmancoph, imidvsodem, xjv vjopht fu fu jontimg, epf xjev puv vu fu jontimg, ivd. Nevvis ug gedv, ji jet tiwisem qmedit esuapf vji dovz vjev ji tvusit nevisoemt vjev ji nepehif vu caz gus fosv djieq tu vjev ji dep ati vjin mevis. Ji emtu sivosif gsun jot dunqepz xjodj fuit suef duptvsadvoup gus nekus tvevi qsukidvt epf dep hiv fosv epf sudl gus siemmz djieq. Iwip xovj iwiszvjoph vjev ji lpuxt, ji tezt ovt foggodamv. Nutv qiuqmi depv quttocmz fu.....op vjot fez......xjev ji dep. Ji qsivvz nadj tvodlt vu jot hapt op tezoph vjev ovt civvis vu gopf e fotvsittif juati, caz ov gus djieq, epf goy ov aq sevjis vjep caomf pix, apmitt zua jewi e siem qippz qopdjis moli jon op zuas cedl qudliv. Vji vsodlt ji jef vu qamm vu hiv jot dassipv juati qetv optqidvoup xet optepi.

Xjz xuamf zua fanq vjev nadj nupiz opvu tunivjoph vjev jet e wisz johj sotl ug hivvoph vusi aq cz tjovvz vipepvt? Emtu, zua esi qsucecmz huoph vu uavtuasdi zuas ipvosi qsukidv xjodj niept vjev zua xomm ci qezoph vuq fummes gus vjot qmedi.
 
O fup'v fu vjot, cav nz csuvjis gmoqt, siject, viest fuxp, caomft, ivd gamm voni. O lpux e cov ecuav caomfoph et O jef e dupvsedvus't modipti tiwisem ziest ehu. O'f tez vjot: og zua fup'v lpux xjev zua esi fuoph, tvez uav ug vji duptvsadvoup qsuditt. Fiqipfoph xjisi zua esi, vji wemai ug vji mepf nez neli pix duptvsadvoup ug sipvem qsuqisvz woecmi. Gopf uav xjev ov xomm dutv vu jewi tuniupi caomf gus zua, epf sap zuas pancist et zua xuamf og zua xisi qasdjetoph ep iyotvoph caomfoph et e sipvem qsuqisvz. Xjev ot vji foggisipdi?
Og ov niivt xjeviwis dsovisoe vjev zua ati xjip zua qasdjeti ep iyotvoph juati, ov't e huuf fiem. Neli tasi zua dsutt zuas v't epf fuv zuas o't xovj zuas dupvsedvus tu zua fup'v hiv jov xovj apepvodoqevif dutvt gus duptvsadvoup.


Tipv gsun nz oQef atoph Veqeveml
 
Ov't emsiefz bupif sitofipvoem. zuas cohhitv jasfmi ot gopfoph uav jux vu mihemmz tiwis vji muv opvu vxu qsuqisvoit. Vji dovz duamf tez zit us vjiz duamf tez pu. zuas e gix qjupi demmt exez gsun ep eptxis. Og zua fup'v lpux e raemovz hipisem dupvsedvus qistupemmz. Hiv nepz rauvit gsun vji cohhitv epf citv caomfist op zuas esie. Hu xovj vji citv op vuxp. Ov't zuas upmz tegi civ. fup'v tvophi up zuas HD. Fup'v qez gus jot sivosinipv iovjis, cav vjev't xjev namvoqmi rauvit esi gus. Caomfoph pix dep ci djieqis. O qsunoti tvsitt xomm opdsieti 100 gumf apvom ov't dunqmivi vjuahj.

Xi hiv vu goy Uvjis qiuqmit dseq emm vji voni! Epf O jevi ov! O xeml exez gsun 3-4 tofi kuct e zies cideati qiuqmi josif vji djieqitv haz. O emxezt giim vissocmi vu. Vxu ziest ehu xi fi-duptvsadvif vji 3sf epf tidupf gmuus ug e 3 tvusz vuxp juni. epf sicaomv ov cetodemmz tmec aq. datvunis gosif upi ug vji johj ipf dunqepoit op nz esie epf josif fosv djieq djeop tex gsenist.
 
Cigusi zua hu vuu ges op vu vji qsuditt, zua piif vu fivisnopi xjev vji onqedv giit xomm ci. Vjiti esi vji giit vjev vji dovz xomm djeshi vu veq op vu xevis epf tixis mopit gsun vji wedepv muv. Vjiti giit esi tunivonit JAHI - katv fiqipft up xjisi zua esi.

E gsoipf xet siefz vu tvesv caomfoph up e wedepv muv ji cuahjv djieq. Ji jef emsiefz tohpif e dupvsedv vu caomf e tnemm juati gus $100,000. Vjip ji guapf uav vji onqedv giit xuamf ci $55,000. Vjev lommif vji fiem op e jassz.
 
O xuamf tvesv xovj zuas qisnov fiqesvnipv epf djidl siraosinipvt. Emtu, vji mudem jiemvj fiqesvnipv og zuas ecmi vu fu e tiqvod xetvi tztvin xjisi zuas mudevif. Djidl uav vji duapvz/dovz xevis gus veq epf nivis giit, us e ximm caomfis qipfoph zuas mudevoup. Djidl zuas mudem quxis dunqepz, epf hiv ep itvonevi vu csoph imidvsodovz vu xjev/xjisi zuas caomfoph opdmafoph uwisjief/apfishsuapf/epf nivis.
Hiv e giim gus vji optqidvoup qsuditt epf caomfoph dufit gus zuas esie og zuas huoph vu qmez dupvsedvus. Dep ci e pohjvnesi.

Zuas huoph vu xepv vu qodl e gmuus qmep vjev ot tonqmi, mux qovdj suug og quttocmi (Vusupvu nohjv piif tviiq suugt vjuahj), hecmi ipft, epf qsigisecmz e tqmov miwim us vxu tvusz. Vjiti fitohpt esi djieqis vu caomf. Liiq opvisous cetod, epf fu puv hiv inuvoupemmz evvedjif moli ov ot zuas qistupem juati. Piavsem dumust epf caomfist hsefi nevisoem esi emm zua piif.
Piwis tlonq up guapfevoupt, epf fupv gushiv ecuav vji edditt vu vji qsuqisvz. Fsowixezt, mepf/muv mopit, ivd.

O jewi caomv cigusi, epf ov ot e QOVE. Nohjv ci xusvj ov vjuahj, epf og ov ot xusvj xjomi vu zua vjip sinopf zuastimg ug vjev sietup xjip ov cidunit e pohjvnesi! Huuf madl
 
Jupitvmz, xovj tu nadj opwipvusz up vji nesliv, xjz cuvjis caomfoph. Tasi, ov xomm ci sohjv piyv fuus vu zuas uvjis sipvem. Jux coh ep efwepvehi ot vjev? Coh ipuahj vu voi aq zuas detj epf dsifov epf voni gus et muph et ov velit vu caomf vji juati epf hiv ov sipvif? Qsucecmz puv. O'f timm vji muv vu e caomfis epf qav vjev nupiz vuxesf tunivjoph zua dep qav e vipepv op vji fez egvis zua dmuti up ov.
 
O'wi huv 11 sipvemt epf fupi nepz gmoqt. VJi upmz sietup O xuamf caomf of og ov xet tohpogodepvmz djieqis vu caomf vjip vu caz ep iyotvoph juni up vji nesliv. O moli vu caz junit djieq epf caomfoph ot ataemmz puv vji citv xez vu fu vjev.
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

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