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28 January 2025 | 5 replies
You also need UX, support, quality, a million other things.
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23 January 2025 | 23 replies
It doesn't take long to learn how to spot a good deal.6.
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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.
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9 February 2025 | 32 replies
So ReSimpli wins out in this category.I know I mentioned good support but also they have really good onboarding as well.
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22 January 2025 | 0 replies
Wrong Property Management ApproachIt doesn’t matter how good the people who are doing the property management are, if they are not using a property management approach designed for co-living, everyone loses.
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25 January 2025 | 12 replies
Hey Rebecca, I'm a broker and investor up in Sacramento and manage about 100 investment properties (STR and LTR).Many of my clients are high W2 earners seeking "bonus depreciation" to offset tax liability by investing in STR.
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4 February 2025 | 1 reply
High performers everywhere swear by it.
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20 January 2025 | 15 replies
any update news on astroblaster & if any good?
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30 January 2025 | 10 replies
Hi Jaycee,I currently own 40 doors and I have good equity in them.
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11 February 2025 | 6 replies
Granted this primarily filters out the small deals or the highly leveraged deals, neither of which I do, but making 20% on a ARV 150k house is $30k.