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21 January 2025 | 74 replies
Seems like you're just a marketer working on a contract basis (not that I'm defending the program or even saying it's legitimate).
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28 January 2025 | 3 replies
You should start with a focus on a 2 unit multifamily property in a market that you can afford to get into.
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29 January 2025 | 11 replies
What market are you referencing?
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10 January 2025 | 4 replies
Quote from @Lorraine Hadden: As we close out 2024 and look forward to 2025, NAR released its 2025 list of top performers in 10 metro markets.
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10 February 2025 | 7 replies
Commercial RE is a bit more strict than the residential market which has more options available due to flexible housing regulations in place to make it easier for people to buy their primary residence.1) Family and friends.
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30 January 2025 | 19 replies
Also should be a new market analysis every time, and with that comes negotiations back n forth with landlord and tenant.
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31 January 2025 | 8 replies
There's a tenant that's month to month, rent is at least $800 below market rent, so I told the seller I need that unit to be vacant.
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27 January 2025 | 14 replies
While we are not immune to market shifts, we typically don't see huge bubble bursts.
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30 January 2025 | 1 reply
If anybody local (especially other wholesalers) or anybody else even out of my market wants to connect, feel free to reach out!
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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.