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6 February 2025 | 2 replies
Seller financed loans - See #2 above as typically seller financed have lower rates, longer terms and higher LTV.
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6 February 2025 | 17 replies
@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.
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31 January 2025 | 2 replies
Property managers have established vendor relationships and can handle issues quickly.Cons of Hiring a Property Manager❌ Lower Profit Margins – Management fees (typically 8-12% of monthly rent) eat into your cash flow, which can be a dealbreaker if your margins are tight.❌ Less Control Over Tenants & Maintenance – You won’t be as involved in selecting tenants or overseeing repairs, which might lead to decisions you wouldn’t have made yourself.❌ Not All Property Managers Are Great – A bad property manager can neglect your property, overcharge for repairs, or poorly handle tenant relations, leading to unnecessary headaches.Which Option Is Right for You?
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27 January 2025 | 4 replies
Sales Tax Breaks: Construction materials and services may be subject to lower tribal sales taxes—or exempt altogether.4.
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23 January 2025 | 2 replies
Is the higher price agent inflating to get the listing or is the lower price agent just not keyed in well enough in the specific neighborhood?
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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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29 January 2025 | 4 replies
., Smyrna, Decatur, Marietta), new construction or turnkey rentals for lower maintenance, or small multifamily properties for stability.
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20 January 2025 | 1 reply
Since I have a fixed-rate mortgage, I understand this wouldn’t lower my monthly payment but would shorten the loan term by reducing the principal faster.
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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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15 February 2025 | 11 replies
Here's what I am thinking: if I CAN buy the property, ask for him to sell it to me for a lower price (like 350k -- that way he gets 100k) but then doing a prom note with him for an additional 50k by pulling out equity and paying him around a year later.Do you think this idea is smart or doable?