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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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29 January 2025 | 10 replies
They can help you navigate the market and avoid common pitfalls.If you’re serious about taking the plunge, start analyzing properties in both Boston and Chicago markets to understand local trends.
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31 January 2025 | 9 replies
Put simply, a well-designed mobile app has far higher user engagement than a web only service/site.
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20 January 2025 | 6 replies
And sounds like a good set of options you are looking at.Here's some data and visualization on recent trends in some of the markets mentioned here.
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7 February 2025 | 23 replies
Based on the design, I would go with sororities if possible.
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28 January 2025 | 14 replies
I like the space as this is pretty fragmented vs MH, so cap rates seems to trend higher.
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14 January 2025 | 11 replies
@Brittany MyrickIf I were getting started in real estate investing in New England, I’d focus on researching local market trends, especially job growth, rental demand, and the broader economic outlook.
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12 January 2025 | 8 replies
Talking about poor children and the such is just designed to make me feel bad.
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19 January 2025 | 47 replies
Obviously, the two questions that need to be answered are 1- Is the OP designing a solution for which there is no problem?
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2 February 2025 | 9 replies
You have to keep up with rent trends or tough it out and wait for hopefully a stronger rental market this spring.