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22 February 2024 | 3 replies
I'm working on projects in florida and ohio. entitled or unentitled is a big difference. we typically look for land in larger tracts in columbus ohio for under 50k per acre. that's mostly rural land that is then entitled through engineering and zoning variances, a huge money maker if you don't do it. entitled land depends on density. lowest I've seen is typically 6 dwelling units per acre and highest I've seen in suburban markets might be 26. i think there is a lot of missing things to answer your questions like how big of projects, but I can give you a very recent lot we featured for investors who build a stacked triplex with us around Orlando and other markets in florida. it was a 43k piece of land on about .3 acres. through planned development you can get a duplex approved it was in poinciana in Osceola county. that's on the small side and it's hard to find land and it wouldn't really increase in value there but that's about 5k or less in fees to get that done. so all in 50k for a 2-3 unit. so 25k a door would be a good price to look at. normally as you buy at scale it gets much cheaper because you are doing all the value and creating something from rural land or wetlands, etc. entitled land typically sells for 11k-13k per door I would say on average in suburban markets on a national average. that is extremely difficult to track but we work with groups in land entitlement all over the country who co -develop with us and we create benchmarks that's more of an internal conservative and we push high density and multifamily to maximize profits on the exit once the project is entitled.
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22 February 2024 | 0 replies
Source @Keep Current Matters.Goldman Sachs : Original Forecast 1.9% / Current Forecast 5.0%Mortgage Bankers Association: Original Forecast 1.1% / Current Forecast 4.1%Zillow: Original Forecast .2% / Current Forecast 3.5%Fannie Mae: Original Forecast 2.8% / Current: 3.2%Home Price Expectations Survey: Original Forecast 2.2% / Current: 2.4%National Association of Realtors: Original Forecast .7% / Current: 1.9%
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22 February 2024 | 16 replies
First, I am close to the biggest subto investor buyers in the nation and out of 100's of mortgages, there are only a handful of mortgages that have gotten called due - mostly due to being super small local banks, so I try to avoid those.
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22 February 2024 | 10 replies
Lot of great suggestions on here and I definitely think FF, Airbnb, VRBO, Zillow, and then local and national groups on Facebook are the most common ways from traveling nurses to find temporary housing.
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23 February 2024 | 14 replies
I know it doesn't have anything to do with real estate, but it pays very well and is double the national average in job growth expectations.
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22 February 2024 | 3 replies
We also love the access that SLC gives to outdoor activities (Skiing, Hiking, National Parks) and would personally love to own something there.
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22 February 2024 | 4 replies
Read this detailed blog post.https://medium.com/p/ef0480228574Real Estate News in BriefWhile it’s disappointing to see average mortgage rates back near 7%, the rate cuts will come eventually, and the increase in the national inventory of homes available for sale is encouraging.
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22 February 2024 | 9 replies
Second lowest property taxes in the nation behind Hawaii.Montgomery county tax estimate formula is: appraised value x 20% (without homestead) x .0365
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20 February 2024 | 0 replies
Hey there,I'm a newer investor in Cumberland County, Nova Scotia, and I am just finishing my first flip project which I am excited to share in the coming weeks. I'd like to next buy a duplex/triplex and step foot thro...
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21 February 2024 | 0 replies
The national median single-family existing-home price rose 3.5% from a year ago to $391,700.