Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Devin James Gross Margin Calculation for New Construction
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. 
Brian Dolbeare Considering a Small Multifamily in Pittsburgh – Concerns About Street Parking
15 January 2025 | 5 replies
A mentor of mine told me never to purchase a property without off-street parking because he always thought he got better tenants when they had cars.
Chungying Chu How to get an umbrella policy as non-resident
20 January 2025 | 9 replies
I have landlord policies for my rental properties in TX and AL states, but I am not able to get an umbrella policy form my current insurance company, because I do not have car insurance and primary residence in US, as I am not a resident in US.
Jordan Laney PM signed awful snow contract
22 January 2025 | 14 replies
The kids around here get $100 for a 2 car driveway
Melanie Baldridge Did you know this about Gas Stations?
14 January 2025 | 2 replies
They are always leased here even for the corporate stations where they have a convenience store, a Popeyes or the like and a car wash.
Marcos Carbi Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 8 replies
Chances are they are paying others who are not as accommodating as you (amazing how people will make those car payments while jeopardizing their homes) - and it's time for them to move on to housing they can afford and to a tenant that does not require you to subsidize them.  
Jason Burkart Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
I gave her 30k in 2024 and that was to buy a new car to replace her 15 year old Accord (which just keeps on running). 
Del Brady Can an introvert without a sales background succeed in REI?
14 January 2025 | 16 replies
You don't need to be larger than life, driving flashy cars, or using your looks to make a sale.
Laurieann Frazier-Duarte Commercial real estate
21 January 2025 | 4 replies
If millenial homeowners can't even change their home's air filters, or snake a toilet, or change the oil in their car, that's guaranteed future business for HVAC companies, plumbers, mechanics, and those places all need a place to conduct business in.The commercial mortgage pricing software I use has somewhere around 50 different asset classes in it.
Marc Shin Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
These policies also cover you in all other areas of life like car accidents as well.