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8 August 2024 | 7 replies
It is a new construction home built a couple years back.
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7 August 2024 | 12 replies
I've been involved in the construction field for over 30 years and started my own construction company in 2008 when I also started flipping houses. 8 years ago I sold the construction company and began buying and holding long term rentals.
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7 August 2024 | 1 reply
Hello, I recently located a new construction property that was built using helical piers from the start.
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7 August 2024 | 0 replies
Purchase price: $735,000 Cash invested: $1,060,000 Sale price: $2,825,000 New Construction project in Sherman Oaks.
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5 August 2024 | 0 replies
New to real estate investing so any help/recommendations means more than you know :)
Does anyone know what would be the easiest or most efficient way to go about getting a new quadplex built in the Greater Atlanta/s...
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8 August 2024 | 3 replies
I put some numbers below into this Rent or Sell calculator.https://www.narpm.org/members/resources/rent-vs-sell-calculator/ESTIMATES ON ROI (15 year time frame)at 5% Appreciation would profit $100K if SELL nowat 6% Appreciation would have $3,500K more if KEEP and sell after 15 yearsat 7% Appreciation would profit 122K if KEEP and sell after 15 years(Assuming a conservative 6% ROI on money invested from sale.)NOTE: The property appreciated 10% in the last year so I’m thinking 7% over the next 10-15 is reasonable.DETAILSSale Value: $520,000 (Best guess)Paid: $437,000Original Mortgage: $415,000Mortgage Balance: $380,000Interest: 3.375%Monthly mortgage: $2,899Mortgage Difference: $1064Annual Taxes, Insurance, HOA etc**: $20,345**$13,865 (Non Homestead tax) $4,680 (HOA) $1,800 (Landlord Insurance)Monthly Rental Charge $3,500*Appreciation 7%Years to Hold: 15More assumptions used in ROI Estimates Above90% occupancy,15% capital gains charge6% selling feeRate of return on gains if selling now instead 6%Annual maintenance 1%Annual rent increase 4%$3,500 is slightly aggressive. unlikely I could get more.Thanks in advance for any constructive thoughts and comments!!!!
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8 August 2024 | 4 replies
We are seeing great rates, Low 4% on the New Construction Quads that some of our builders are completing.
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7 August 2024 | 8 replies
1) have a building inspector come out and see if your shower answer is legal, proper, and common. 2) if so, and there’s no other reasonable cure lower their rent for the inconvenience, offer to let them out of the lease?
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7 August 2024 | 13 replies
Have flipped as a Contractor several in your area (Boise, Caldwell, Montpelier).Find a great Realtor that understands Construction cost.