Stepan Hedz
Finding Hidden Opportunities in Distressed Properties
31 January 2025 | 0 replies
The key is knowing how to navigate them:🔹 Finding the Right Deals – The best distressed properties aren’t always the ones sitting on the market.
Shiva Bhaskar
Good real estate newsletters to sign up for?
23 January 2025 | 4 replies
Along these lines, we send out a weekly newsletter to our list, sharing things going on in our market, as well as more macro, in the real estate market and economy.
Michael Lam
Advice on investing in small multifamily rental properties in Cleveland Ohio?
30 January 2025 | 32 replies
You really can't get a better snapshot of the Cleveland investment market right now.Â
Ryan Bono
Self Storage Conversion
22 January 2025 | 7 replies
The newest outdoor is still advertising 1st month free as they haven't filled up, and I spoke with the climate controlled owner/builder yesterday (he's a pretty big REI in the area), and he made it sound like he hadn't leased a single climate controlled unit since they opened a few weeks ago.IÂ recently purchased a 140x45 warehouse with low ceilings and had debated doing self storage, but my market seems very saturated.
Micheal Smoke
I’m Mike Smoke, a new investor focused on multifamily and Section 8 housing.
31 January 2025 | 10 replies
Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?
Joe S.
Note buyers for owner finance buyers without socials
22 January 2025 | 7 replies
Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them.Â
Edward Barrett
Section 8 for newbie investor?
26 January 2025 | 7 replies
I would connect with a local PM who has connections with the HUD programs so you can get the most accurate information and guidance in your market.Â
Kyle Hardie
New investor in Fairmont, MN
28 January 2025 | 7 replies
Fairmont is a good little market!
Rene Hosman
What strategy are you focusing on in 2025?
31 January 2025 | 8 replies
Real estate is always evolving, and what works in one market might not work in another.
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.Â