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Results (10,000+)
Devin James Gross Margin Calculation for New Construction
27 January 2025 | 8 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. 
Rereloluwa Fatunmbi Seeking Advice to Improve STR Performance in East Downtown Houston
22 January 2025 | 22 replies
I guess that kind of vitriol is to be expected coming from someone who doesn't even have his own picture in his profile. 
Bruce Woodruff Thoughts on the California fire repercussions
22 January 2025 | 17 replies
There are lots of listings currently under contract, I guess the buyers are not going to show up for closing next week.. 
Mary Jay Cash flow is a myth? Property does not cash flow till its paid off?
27 January 2025 | 32 replies
I guess I can keep my cash flow. 
Pavan Kumar House not rented for 100+ days
16 January 2025 | 12 replies
I'm guessing it's the winter and the location.
Will Greenlee RentRedi Personal Experience - Do not recommend - Noticed BiggerPockets promotion
27 January 2025 | 0 replies
After talking to support (who were actually quite responsive and helpful), they told me I had to publish the ad with only one photo first and then re-post the ad with additional photos later to force the first photo to be first.
Marshawn Moore Has anyone join New Wealth Advisor (NWA) Riverside CA
26 January 2025 | 32 replies
Stop investing time in workshop, and actually go out and look and work for deals.
Allende Hernandez Is it legal (or a good idea whatsoever) to reimburse screening fees?
11 January 2025 | 9 replies
Quote from @Allende Hernandez: I guess it all comes down to market and pool of tenants.I disagree.
Manuel Angeles Eric Spofford Section 8 Course
7 January 2025 | 27 replies
It feels comfortable and reassuring in the beginning but guess what happens? 
Polat Caglayan Detroit or Cleveland?
17 January 2025 | 27 replies
@Elias Halvorson the poster actually lives in another country.The pinned Cleveland, OH reference is just what they entered based upon this post:)