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Old 06-02-2009, 03:11 PM
Honus Honus is offline
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Join Date: Feb 2002
Posts: 2,292
Quote:
Originally Posted by Hatterasguy View Post
...Good money can be made in value plays on 500-1k unit apartment buildings, but you need vast amounts of capital and an experianced hand.
I am new to the real estate development business, but it seems to me that there is more profit in commercial development, just based on the higher rental rates for commercial property. Even in this lousy market, good commercial office space around here goes for about $30 per square foot, full service. I don't know what residential property is going for, but it's a lot less than $30 per foot. It's much easier to get a building to carry itself at the commercial rate.
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