Elle McGhee demolished an old house and built a multi-family student housing complex with three-bedroom, three-bathroom units so each student gets a private bathroom. She built it to attract investors and generate cash flow, which she says eliminates money concerns for future projects.
Thank you. All right, y'all. So let me tell you about this particular project right here. When I first purchased this, this actually used to be an old house. I decided to tear the house down and build new construction multi-family. That's a gem. Come here, come check it out. So I specifically build for college students, right? That's my niche. So as you can see, this property right here is a 3-bedroom, 3-bathroom. Which student doesn't want to have their own bathroom, y'all. Here's another thing. I love to focus specifically on investors, right? Because investors, that's where the money resides. So as you evaluating land and deciding what to build, make sure one, your project is going to have some cash flow, and two, you're attracting investors. Once you do that, money will never be an issue again.
