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13 February 2025 | 1 reply
I've also heard that traveling nurses are good mid term occupants, so try reaching out there.
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28 January 2025 | 10 replies
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
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22 January 2025 | 21 replies
A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.
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3 February 2025 | 5 replies
The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.
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15 February 2025 | 2 replies
My thinking is increased value and cashflow on a long term hold.
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28 January 2025 | 20 replies
Think of it as s long term investment that will save you headaches down the road.
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6 February 2025 | 4 replies
They put in a free wireless alarm systems for a 3 year monitoring contract at $ 36.50/month.
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21 February 2025 | 3 replies
Southbridge and Webster are cheaper as well.There will be obvious trade-offs in terms of location / amenities and price but i have seen good traction in all of the aforementioned locations.I'm looking for househacks for clients around central Mass and while they're not impossible to find by any means units in Worcester are typically trading at $225-250.
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23 February 2025 | 5 replies
@Nate Williamsthe terms of seller finance are whatever you agree to with the seller.
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14 February 2025 | 24 replies
Working with a mortgage broker that specializes in DSCR loans will help you find better rates and programs such as lower DSCR ratios such as a DSCR 1 ratio for better terms versus needing a 1.2 or 1.25 DSCR ratio (more on that below).