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3 August 2024 | 12 replies
I cannot see how build two, say, 1200 sq ft houses with two roofs, two foundations, presumable about 25-30% more windows and siding is going to be cheaper a duplex that might have a little extra fireblocking and soundproofing.Now, maybe your GC is thinking that detached homes tend to get higher rent than comparably sized and finished duplexes.
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2 August 2024 | 2 replies
I'd reduce the size of your units and stick more to 1 bed and 2 bed than what you have the numbers aren't really looking good on this deal.
31 July 2024 | 10 replies
Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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30 July 2024 | 4 replies
What else if any one has a nice flow chart and guide me i will appreciate.Regards,namal
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1 August 2024 | 4 replies
Bathrooms will take normal size tub/shower and smaller single vanity.
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3 August 2024 | 10 replies
It's a matter of preference but I have seen a lot of owner operators your size and bigger using Buildium.
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2 August 2024 | 4 replies
Depending on the size of the project - that can eat up a descent chunk of money.
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1 August 2024 | 8 replies
If you look outside city limits make sure you do some research on the septic system, your lot size, if you even have room for a backup field , the ability to replace septic is becoming a real issue statewide.
31 July 2024 | 5 replies
How many townhomes can fit on the site, assuming 1,850sf unit sizes?
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4 August 2024 | 37 replies
LOL, though size of the house is related to rent and the number of things that can go wrong).