Michael Calvey
Struggling to Find Deals? Check Out This 5-Day Challenge (FREE!)
19 January 2025 | 0 replies
Whether you’re a new investor or a seasoned pro, the competition is fierce, and the best opportunities often seem just out of reach.That’s why BiggerPockets is teaming up with DealMachine to bring you the Off-Market Deal Finding 5-Day Challenge—a completely FREE event designed to help you find your first (or next) off-market deal FAST.Here’s What You’ll Get:📅 3 Live Sessions led by Matt Kamp, VP at DealMachine and a real estate investing expert who’s helped customers close over 15,000 deals.🎁 $2,000 in Prizes just for joining the challenge!
Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
Retirement accounts are designed to be invested passively so when the IRS sees you running an active business in it, to level the playing field between retirement accounts and other business the retirement account incurs UBIT.
Chandler Koch
New Real Estate Investor in Boise Idaho - Go Broncos!
15 January 2025 | 7 replies
I've only scratched the surface of all the great content on the website and I'm looking forward to networking and engaging with the community to learn as much as I can.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
Option D: you are considered a "disqualified person" to your IRA and as such are prohibited from engaging in any transaction in an IRA or receiving any benefits from the IRA (directly or indirectly), therefore I strongly suggest you avoid this option if you wish to stay out of trouble.
Andrew Fletcher
Happy Holidays everyone
20 January 2025 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
Brook Burns
Tenant Security Deposit Escrow Account
29 January 2025 | 9 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.
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.
Christy Place
First Flip Attempt
10 January 2025 | 2 replies
I have always had an interest in flipping houses because I get really excited to see run-down houses, walk through them, and come up with a design plan.
Tim Wiesemann
2025 Goal To Start Using BP
19 January 2025 | 4 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
Denise Carringer
Owner financing payment tracking app?
21 January 2025 | 18 replies
If you have more than 4 or 5 loans, then you might want to engage a sub-servicer to handle the billing and payments.