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3 January 2025 | 26 replies
How about the simple obvious that the inputs to deliver the service/product have a base-line and market prices have, OBVIOUSLY, been at about as lean of operating profit margins as can be.
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21 January 2025 | 35 replies
Yes what appear to be simple easy jobs still take time , and we bill for time .
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31 January 2025 | 170 replies
Does not capture the pain investors are going through and will continue to suffer.
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23 December 2024 | 8 replies
This appears to be another article designed to capture eyeballs by creating controversy.
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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.
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5 February 2025 | 56 replies
@Diana Teng isn't it interesting how all of the folks telling you how simple and easy it is are real estate agents and PMs?
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1 January 2025 | 15 replies
Buy a few books, start simple, do your own property managing.
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23 December 2024 | 34 replies
The 1% rule is a simple rule which is easy to calculate and describe.
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28 December 2024 | 7 replies
My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that.
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2 January 2025 | 10 replies
Miami is still doing well, Fort Myers is adjusting and has lower real estate than 12 months ago, etc..)My simple thought, for what it is worth, is choose a place to live and not invest in: choose the location you and your family WANT to live in ( because of the schools, taxes, weather, other family there, etc...) and then buy and do real estate there (and get whatever licenses you need once you start third party management).I wish you well!