Abby Blumenfeld
Buying My First Investment Property at 21
28 December 2024 | 6 replies
I may not have the experience yet, but I’ve got the energy and determination to make it happen.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
Do they include energy tax benefits within their study?
John McKee
Looking back on 2024
3 January 2025 | 7 replies
Will look to refi next year and get all our cash back (have 1 year left on generous seller financing)Failure: still battling a tenant eviction industrial property, costing me money (I can afford) but time and my energy (not a great use)A ha moment: just to focus on higher equity slugs into fewer deals, the law firm is #1 for me2025 goal: complete exit, closing Jan 9, keep making offers, grow the law firm with less billables
Tom Pappas
Shipping Container Homes
8 December 2024 | 0 replies
Offering custom container home builds featuring:Fully customizable designsSustainable materials and methods8 -week construction timelineSpecial multi unit pricingEnergy-efficient systemsLooking to connect with:Investors interested in container housingProperty developers exploring shipping container housing optionsAnyone curious about container home construction
Alex H.
Flip as-is or Renovate
28 January 2025 | 4 replies
Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.
Michael Lam
Advice on investing in small multifamily rental properties in Cleveland Ohio?
30 January 2025 | 30 replies
You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.
David Williams
Capital gains question
29 January 2025 | 8 replies
The tax is based on selling price minus purchased price.
Srikanth Kumar
neighbourhoods to focus in cleveland for multifamilies
27 January 2025 | 27 replies
You can get solid cash-flowing single families in the 90-120k price range and duplexes in the 130-180k price range.
Devin James
Gross Margin Calculation for New Construction
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.
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
Quote from @Jed Butikofer: Unfortunately, it takes money to make money.With high prices and high mortgage rates, cash flow is difficult to find and we may not see a return to the 2018 market for a while.