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19 February 2025 | 57 replies
I am a believer that you have earn the trust and respect of your local vendors as well.
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25 January 2025 | 0 replies
We are bringing in brand new fully drywalled manufactured homes ranging from 3 bed/ 2 bath to 2 bed/ 1 bath.
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18 February 2025 | 21 replies
The picture they have on Zillow vs one of the several I have with the same view:It's a very slow time of year, especially in the over $2000/month range.
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29 January 2025 | 27 replies
And talking with my leasing team, the properties that are moving quicker are on the lower end of the rental range $1450-1600.
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21 January 2025 | 15 replies
For this first property, looking for something in the $100k-200k range.
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30 January 2025 | 4 replies
We typically see FICO scores in the 560-620 range for Class C, below 560 for Class D.Recommend only looking at convictions & evictions in the last 2-3 years, ignore older ones.Focus on the last 2 years of employment via YTD paystub and 2024 & 2023 W-2's.
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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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31 January 2025 | 7 replies
What I see is typically in the $3k - $6k range for those types of properties.
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26 January 2025 | 12 replies
These range low 500s to the mid 600s.
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31 January 2025 | 22 replies
@Carlos C.Mark Kohler is well respected in the industry.