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#299 - Artem Tepler - Co-Founder @ SCHON | TEPLER Partners - Developing Real Estate and Living the American Dream
The Fort - An Entrepreneurship Podcast
How to Build an Affordable Apartment in Los Angeles
The ideal deal, I think they're pushing everything to commercial sites to develop or where their single family homes left over. The price per unit of the wooden box has always stayed within like when we were building within like 5,000 of each other. We used to be able to buy a triplex, knock it down and build 13 unit building with 20% affordable. Now if you're knocking down a triplex,. you got to bring three units as affordable. So a lot of those deals don't work.
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