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3 August 2023 | 15 replies
@Scott ChristopherScott,The largest red flag being waved at your potential project is clearly it’s hard cost.Therefore, before entering the dimension of what I call “the illusion of progress”, and spending time and money with 3rd parties you would be wise to focus on what the value of your deal looks like.Value drives and determines everything else.If your product is for sale, you should take the gross sales and deduct commissions, closing costs AND your target profit margin from it and you will have the total budget amount that you have to work withIf your product is for rent, you should determine its Gross Potential Rental income and use that figure to calculate Net Operating Income and divide it by an appropriate cap rate to determine the project’s capitalized value.Use the same method noted above for the for-sale product to determine the total budget for the rental product.Once you have your total budget, you will also have a very good idea about the project’s performance and feasibility.Hard and site costs typically account for about 70% of total project cost.
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5 July 2013 | 4 replies
Floris Welcome, from what I have seen, these floor plans are typically used for the bigger apartment complexes ( just dimensions of the actual room not furniture placement as in your photo above) I have not seen this for rental homes or homes for sale here in the US or at least in my area but I do think this is a great idea.
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26 September 2011 | 13 replies
It adds a whole new dimension to the process.Brittany, you said:Sometimes even just introducing myself to them brings questions such as "who are you", "how did you get my number", "what are you talking about".
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13 October 2013 | 7 replies
If you know the dimensions of the house and the roof pitch, they might even give you a rough quote over the phone.
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17 February 2016 | 8 replies
He is also living in another dimension with his number.
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26 March 2018 | 1 reply
,If the seller does not have the dimensions of their own property then either,Ask the seller to take measurements, orAsk the realtor to take measurements, orAsk the seller for property access so you can take room measurements.Any information you may find online stems from a real-life human measuring the rooms (or getting the data from blueprints) but the seller is not aiding in your due diligence.
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13 June 2020 | 29 replies
@Chris Crosby it's a little early for me to partner with another investor yet at this stage, as adding an additional dimension of complexity to a still unfamiliar process probably isn't the right move for my very first investment.
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5 August 2018 | 36 replies
Hopefully this leg of the project goes smoothly.At least I did gather some info: It looks like 6 of the 10 homes are block and stucco with the same dimensions (one has a small addition) of 950 sqft.
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10 June 2017 | 2 replies
-She's not charging me for a pet-She only wanted one name on the lease due to extra costs incase of eviction-She wanted no payment for credit/background checks, she claimed they did not do them so I would not be charged-She said I can move in before my lease is active, June 15-I signed the lease and haven't received a copy yet, I will try to get it from her tomorrow-The glass pane on the window was busted, yet to be replaced because the repair man had the dimensions wrong the first time-Hand in hand with the glass in the door, she claimed to have lost the keys the same day I signed the lease and new locks would have to be installed, originally it was to be completed today, as of today she said it would be done today OR tomorrow.
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23 October 2017 | 5 replies
Cut it to proper dimensions and then make a frame.