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

Some people use their IRA to fund fix and flip's and keep the profit in them tax free. 

As for brokers saying "I don't work for free," they'll be paid out of the seller's agreed commission.

Feel free to reach out, happy to help! 

Let me know if you'd like me to review the purchase agreement for you (as a free consultant, no agency implied) and I can give you my interpretation. 

Properties in high-demand zones may also lead to better financing terms, and staying aligned with Detroit’s infrastructure improvements can help ensure your investment's long-term success.If you need any help on the financing to any of your future projects, feel free to DM me!

This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.

Zeona is a prolific real estate agent with a ton of knowledge, she has been an Airbnb host since 2012 she has over ten years of being a short-term rental property manager and consultant.

Finally from a purely from a cash outlay prospective short term, you could rent a house with roommates and your payment would still probably be Lower than house hacking because rates are so high, over the long period 5-10 years obviously it would cheaper ti buy, hope that makes sense 

Feel free to reach out if you need anything!