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12 January 2025 | 12 replies
Where did you take into account the landlord paid utilities?
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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.
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12 February 2025 | 19 replies
I am still early on in the plan and still expect to purchase about 30 more single family homes over the next several years.
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5 February 2025 | 17 replies
got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans
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29 January 2025 | 7 replies
There is no single website to easily find them (that I'm aware of) and if there was, I'd imagine you'd be competing with 1000s of other investors.
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21 January 2025 | 18 replies
I'll be specifically looking to start in the Cincinnati, Ohio and lean towards targeting buy and hold single family and potentially multi family as well.Any advice is appreciated and I look forward to connecting.
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8 February 2025 | 21 replies
Rental rates are fine for SFHs - I haven't had to drop my rates whatsoever with turnover, nor have I had a single tenant try to negotiate a lower rate.
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28 February 2025 | 20 replies
**Technology:** Utilize property management software to keep track of rent payments, maintenance requests, and communication with tenants.4.
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5 February 2025 | 9 replies
It is a 4-bedroom single-family house situated just .33 miles from the ocean.
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23 January 2025 | 23 replies
., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.