We ended up getting the house, which had a finished basement, and a sump pump due to high water table. 

If you charge everything to COGS and the property is not finished by the end of the fiscal year, you’d need to move those costs to Inventory and then back to COGS once the property sells. 

Hi everyone, Just giving some official notice that Knox REIA is under new management as of 8/7/24 and we're in the process of finishing the new, updated website. 

However, 5-10yrs down the line, that 1% rule may be very easily attainable.

There was a grand design episode where the guy spent over a million on his dream house and right at the end , after all the construction was finished, had to call back the crew and dig his driveway or plumbing according to the zoning he wasn't aware of. 6.

Go to school and finish “ No Quitting” One went to college and graduated, with no debt because they worked all through college and applied to enough scholarships to make your head spin.One left home early and found consistent employment currently a young supervisor( now married with kids)The last one stayed home like first one got a trade in the electrical field (graduated).Then I told them no outside debt, you are getting houses.

I'm afraid I'll have to finish the curb appeal and driveway but figured someone at this price point and area had $45k to do it.

I have called a few places and the cost is about 8K from start to finish.

As the others have mentioned, make sure you add up all the costs, realistically, including developing the land, see what your ARV would be after it's finished, and what your rent would be.

We have one right now finishing up, high end small custom> 95% return cash on cash, bought land retail 2.5yrs ago (peak). $1.7M costs, $2.25M completed value.