Devin James
Gross Margin Calculation for New Construction
27 January 2025 | 8 replies
Quote from @Jaycee Greene: Quote from @Devin James: Quote from @Jaycee Greene: 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 Hey @Devin James.
Michael Daniel
Small single family with tenant
27 January 2025 | 10 replies
Quote from @Michael Daniel: @Jaycee Greene these are low income areas however there's a lil room for rent increase but not much.
Christopher Heidrich
Stuck in analysis paralysis and in the Military
27 January 2025 | 3 replies
@Jaycee Greene I am looking to buy a primary residence while I am based there, then turn it into a rental once I PCS again two years later.
Malcolm Brown
Newbie to Real Estate Investing - Any Tips...
26 January 2025 | 18 replies
Quote from @Malcolm Brown: Quote from @Jaycee Greene: Quote from @Malcolm Brown: Newbie on board.
Madison Sloan
Newlywed rookies close-ish to first purchase
18 January 2025 | 9 replies
@Jaycee Greene Thanks Jaycee!
Robert Bishop
I am 16 trying to get into real estate and have 200k
10 January 2025 | 28 replies
I would be very careful about accepting advice from anyone that could personally benefit.Listen to David Greene Podcast on YouTube, Spotify, etc.
Jonathan Greene
Why You Should Never Take a Break as a Real Estate Investor
27 January 2025 | 26 replies
Quote from @Ryan Irwin: Quote from @Jonathan Greene: x1000%!
Jonathan Greene
Are the forums on BiggerPockets getting worse and worse or is it just me?
23 January 2025 | 52 replies
So @Jonathan Greene,how can we make it better?
Tom Server
I need some assistance , Not sure what to do, need money from my equity
26 January 2025 | 3 replies
You would borrow against the equity at 7% or more, then use the money to pay off a credit card?
Joshua Patterson
Property Manager and Investor
20 January 2025 | 6 replies
Quote from @Joshua Patterson: Thank you @Jaycee Greene.