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12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.
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17 December 2024 | 14 replies
I was able to negotiate about 10% discount that was purely circumstantial, I'll let time do the appreciating passively instead of running a 6 months construction project with holding cost.
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19 December 2024 | 6 replies
I love new construction for that very reason.
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18 December 2024 | 15 replies
Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.
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19 December 2024 | 13 replies
Hey Brendan - It sounds like you're taking smart steps to navigate the slow season, and the adjustments you've made are all solid moves.
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6 January 2025 | 77 replies
It's pretty hard to set a line because the same people will just adjust the text to avoid the line, but still be reverse trolling.
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12 December 2024 | 6 replies
I want to learn more. 4.99% for buyers is a game changer selling 6 new construction houses You just buy down the rate for the buyer.
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19 December 2024 | 6 replies
Dynamic pricing tools like PriceLabs or Beyond Pricing can help boost your revenue by adjusting rates based on demand.
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20 December 2024 | 2 replies
It may be due to the lengthy pool permitting and construction process. 2025 will be a critical year.
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28 December 2024 | 23 replies
You need to adjust for inflation--back in 17 that wasn't on folks radars--and health costs.We do this now because of satisfaction, interest, and everything in between.