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7 February 2025 | 10 replies
It's growing rapidly and price of labor/ housing is dirt cheap.
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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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20 January 2025 | 6 replies
Focus on areas with sustainable taxes and long-term rental demand, targeting groups like college students, young professionals, or travel nurses.
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7 January 2025 | 28 replies
If you're certain the type of renter you're going to get are traveling medical professionals, you know they're on short term contracts (typically 13 weeks).
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14 January 2025 | 9 replies
Do you want to have airbnbs all over the country and travel between each of them and living an adventurous life?
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25 January 2025 | 24 replies
I live in Honolulu currently but used to live in Tokyo (mother is Japanese) and still travel there on a regular basis (pre-Covid).
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28 January 2025 | 1 reply
Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low).
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26 January 2025 | 2 replies
Maintenance is one of the biggest challenges, maybe even #1, in the Property Management industry.Seems maintenance is, Never Fast Enough for Tenants, or Cheap Enough for Owners!
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20 January 2025 | 37 replies
Please consider the following:- Monthly savings: ~$4-5k- Full time job: Traveling and always relocating- No real estate currently ownedMy wife and I have long term goals to live on a remote ranch and would like to use real estate investing as a means to get there.
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17 January 2025 | 14 replies
Generic replacement parts that fit American Standard can be found anywhere.Don't buy the cheap $90 toilets.