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20 January 2025 | 1 reply
I'm particularly passionate about single family home.Outside of real estate, I enjoy mountain biking, hiking, riding motorcycles.Excited to learn and connect with you all!
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31 January 2025 | 27 replies
Every single week, 3 incidents.
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30 January 2025 | 4 replies
He wanted it all sold as a single package with no owner financing.
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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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20 January 2025 | 0 replies
Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.
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30 January 2025 | 24 replies
Something more passive via a syndication could work for them, and otherwise they'd probably prefer something simple like a long term single family rental.
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2 February 2025 | 6 replies
Generally, there are some programs for foreign nationals that are 25% for a single family rental and 30% for a 2-4 unit.
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20 January 2025 | 22 replies
Single family usually doesn't make much sense from a rent/price ratio in A-B areas unless you are doing a rehab.
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7 February 2025 | 36 replies
There are some locations to stay away from but almost every single sub market of KC has value and increasing rents.
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25 January 2025 | 3 replies
Anything single family will require very creative strategies in order to generate cashflow.