
27 January 2025 | 21 replies
Now you have an approximate value per square foot.

18 February 2025 | 20 replies
The second red flag is he's trying to build his credit back up.

28 January 2025 | 10 replies
Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up.

3 February 2025 | 0 replies
It's not just about creating beautiful spaces; it's about making every square foot work hard for both the investor and the end-user.Optimizing Space UtilizationThink about how reconfiguring a floor plan can add value.

14 February 2025 | 9 replies
That is a thought that's in the back of my mind regarding all the red tape you may encounter on the building side.

18 February 2025 | 8 replies
Evan your point about wholesaling is a good one too, I have to admit the red flags did go off for me a bit but I figured it'd be worth seeing what others had to say.

9 February 2025 | 3 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

29 January 2025 | 7 replies
The latest red flag is his belief he purchased a "fully renovated" property in Philadelphia for $115K.

13 February 2025 | 3 replies
The price per square foot in Suffolk went up 15% among 2-4 family properties.