I Hope The Angels Know What They Have….I Bet It’s So Nice In Heaven Since You’ve Arrived….
6 Mths & Still Feels Like Yesterday
🥺💔😔😢
Here On Earth Everything’s Different….
There’s An Emptiness….🪫
I love my man and i wanna be married to one person forever, but i don’t want to share a room with a man or live with a man lmao idk how to explain this
I highly recommend you find yourself a clingy (healthy) lovey dovey partner who's super excited about you. Life is too short to spend it with someone who act like showing love is a chore.
While duplexes are generally not as pretty or optically desirable as a single family home, my preference is to build a duplex almost every single time. This is a detailed breakdown of why this is the case:
First, land is the scarcest input in residential real estate. Lumber, labor, and other materials scale with the building. When you build a single family home, one household absorbs the entire cost of the land. Building a duplex generally puts a premium of the cost of land that each household can absorb. Using the same dirt, you can almost double your revenue as a developer.
Next, many of the expensive parts of residential development are site costs / horizontal costs, not vertical costs. These costs (like permits, utilities, and impact fees) are more cost efficient for the developer when absorbed by two households vs. one.
Third, finance bros like to talk about synergies and there are certainly some synergies and cost savings to be had when building a duplex or multiple structures side by side. We often build duplexes side by side and can better negotiate with subs for discounts given the sub doesn't have to pack up and drive two hours across a market like Houston to get to their next job.
Stay with me finance bros, because financing on duplexes has generally been easier than for single family homes. Debt capital cares about risk per dollar deployed. Two units reduces risk because if one unit takes longer to sell (assuming you sell each side separately), more than half the risk can be taken off the table when the first side sells.
Next, exit optionality improves. With a single family home, there is typically one exit path. With a duplex, you can sell both units together, sell individually (in many states), sell to an investor as a rental asset, or refinance it and hold (house hacking ain't bad either).
Finally, duplexes provide a development advantage because the density aligns with modern housing needs. They increase density, maintain neighborhood scale, and avoid the political resistance of larger multifamily projects (think apartments).
We have been more successful investing in and developing duplexes than we have single family homes for these reasons.
We also love lending against duplex development as the loan size is typically larger with less risk.
This thesis has me thinking one thing when looking at infill lots:
"How many households can this lot support?"