in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

I’ve done 1 rental property and sold it to gain capital and did 1 flip that didn’t go so well so not 100% experienced to say the least.

Was just going over with my wife both the increase in Occupancy revenue change and the 2023 versus 2024 Marketing spend for this location. 

I think if you leverage 70% of it you’re going to seriously cut into your cash flow and personally if I was going to have $7M in debt I’d prefer it to be spread over several projects built slowly.

We plan on starting renovations on the unit in X (I would say a date but in reality have a 2-3 month buffer), and based on this we are no longer going to be renting the unit out.

Any semi-intelligent agent is going to do the math and want to cover their expenses.

If they go under, your sh!

They have a vested interest into keeping everyone happy because it is way easier to keep a client then to go find a new one. 

The initial plan was to do minor cosmetic things and bring the kitchen and bath up to date but not knowing this fact made our $5,000 budget go to $50k costing us the two year full rehab.

You get money at closing and then you refinance when rates go down.Anyone done this before?