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20 March 2024 | 19 replies
The fee is advertised publicly for all to see, regardless of age, gender, race, sexual orientation, accent, or whatever.
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19 March 2024 | 25 replies
Again common sense, it depends on the job, disability, and age.
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19 March 2024 | 30 replies
Fits the digital age well.
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19 March 2024 | 214 replies
(3 cheers for the modern age where we have the technology to do this:)
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20 March 2024 | 175 replies
cost to sell are going to be 10 to 15% minimum to plug into TK resellers pipe lines.. have you run the numbers lets say purchase rehab is:PP 70krehab 30k pretty average in that age class assets in Cleveland ( keep in mind I funded over 300 deals in Cleveland personally in the last few years so I do have some experience in that market).So 100k all in.Cost of capital 2 points 12% plus your going to need at least 30k in cash to pull this off. lets say your super good at what you do and can do it all in 6 months.2 points 2k 12k 6 months 6k for total of 8k HML will hit you with another 2k to 3k in junk fees so thats really 10k in borrower costs.tAx's lets say 1k for 6 months.Closing costs when ou buy 1,500 to 2kClsoing costs including commish and seller concessions and title and escrow at least 10% Utls and insurance 1500.0010k profit So that all adds up to an exit sales price that needs to be at least 124,500 hard costs and now you need to sell for 130k to 140k to make your profit. and given where investor want to be they want 1% rule or .08 so use 1% for easy math they want that house to rent for 1300 to 1400.
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16 March 2024 | 6 replies
Millennials are the biggest demographic cohort ever, and they are just entering prime home-buying age.
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17 March 2024 | 29 replies
Aging roofs, faulty plumbing, or unexpected structural issues can eat into your profits if you're not preparedLocal Regulations Can Make or Break Your Plans:Zoning laws, building codes, and local regulations can vary significantly from one area to another.
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19 March 2024 | 323 replies
But, if they have something that is worth resale value, you need either the same thing or something equivalent to achieve the same value (assuming the other aspects of the comp -- similar size, type, location, age, etc. -- are the same).Comps don't mean, "This is what your house is worth..."
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19 March 2024 | 46 replies
But to be more specific, I saw gaps between boards in the flooring, bathtub drains with paint still in them from reglazing/aging, toilets left with feces, and numerous other very odd issues that are not rocket science for basic cosmetic flips that I shouldn't have to point out to an experienced CG or PM.
16 March 2024 | 3 replies
The road is not in, the water main not installed, the sewer main and laterals not installed, etc.Just having the engineering done, and the plan approved, adds significant value to the land, and makes it attractive to a developer who now, doesn't have to go through all that work. while in todays day and age yo would need all those approvals to create a paper lot.. back in the olden days paper lots were created by simply drawing them on a map with zero engineering they did survey though.. and there was no thought given to reality of actually building them or providing services..