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23 January 2025 | 4 replies
I am here to create a business strategy that protects personal and business investments and mitigates risk, procure a coach or mentor, and set up tax strategies to create long-term wealth for myself and my family.
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25 February 2025 | 15 replies
Generally that means a separate bank account (no co-mingling of funds) and you are following the operating agreement, which could mean a meeting with annual minutes or showing that a vote was documented on decisions that require a vote as @Justin Polston noted.IMO LLCs are completely over-sold for single family.
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18 February 2025 | 14 replies
The ADU is a good idea for property maximization, but unless it has a separate driveway, it will push your rent in the main house down some because then you aren't renting a single-family house on a lot by itself.
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25 January 2025 | 0 replies
Investment Info:Large multi-family (5+ units) commercial investment investment.
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24 January 2025 | 2 replies
I’m here because I’m interested in investing in small multi family units, duplexes, triplexes and fourplexes.
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30 January 2025 | 7 replies
My family makes a joke about how those items aren't "Nickproof") At this point we decided to call it and come back tomorrow.
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23 January 2025 | 45 replies
Very hard to find multi-family properties that cash flow in this A market.
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15 February 2025 | 14 replies
Each one of those things can make or break an approval and the end goal of cash flow.Feel free to reach out I enjoy helping and those states are where I focus as well as my friends, family and my customers/investors.
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12 February 2025 | 43 replies
I own a large portfolio of single family properties and all of my info I give out comes from my personal investing expierence.
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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.