Real estate development will break your heart.
You’ll fall in love with a site you never get.
You’ll sketch a dream that never gets funded.
You’ll run pro formas until your eyes blur, only to have the deal fall apart days before closing.
You’ll pour years into something the…
We will never build enough affordable housing.
Ever.
Unless the cost comes down.
It shouldn’t cost twice as much as market rate housing to build.
Broken system.
State of the multifamily construction loan market right now
Local bank wants project to underwrite at a 1.25x DSCR on a 9.75% rate and 25 year amortization based on stabilized NOI
That means a very good project (7.5% UYOC) gets done at 56% LTC
Opportunity Zone investing is HIGHLY tax advantaged
I have spent several years working on real estate investments in this tax structure and I'm sharing the best pieces of the high level strategy right here
In this thread
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279 Followers 7K FollowingFather to the most amazing child on earth. Investor with one of the highest win percentages in the country. Humble human not a financial advisor.
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