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6 January 2025 | 57 replies
@Kyle Fitch ok, I will touch on (IMO) the top 4. 1st: When we talk about "investing" the vast majority of time were looking at a total time-line of decades, several or many decades, right, before were mulch.
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2 January 2025 | 9 replies
As per chatGPT, closing costs in Ohio are usually 2% - 5% of the price, so maximum: $6950.I'm open to working with lenders of any kind to make this happen.Hate to be the bearer of bad news but no lender will touch this as an investment. you will need to come up with 25% down plus closing costs.
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4 January 2025 | 26 replies
Yes some things will require the personal touch.
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30 December 2024 | 10 replies
It's a nice touch if you can line up crown molding to meet ceiling.
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31 December 2024 | 8 replies
Please do not enter or touch displays."
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11 February 2025 | 183 replies
Yeah I reccomend you get in touch with the county's inspectors and request them to send you their ordinances.
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10 January 2025 | 28 replies
So for example if I graduate college or a few years into college I want to invest even more into real estate what do you suggest I invest in?
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31 December 2024 | 0 replies
I used a hard money loan for the bulk of it because, let’s be real, no bank was touching this place with a ten-foot pole.
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13 January 2025 | 30 replies
You have touched on most of them.
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6 January 2025 | 8 replies
And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.