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15 January 2025 | 3 replies
I'm trying to understand how they collect data so as to develop the best comping practices.
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7 February 2025 | 2 replies
You can see the development in the area is in full swing.
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16 January 2025 | 5 replies
Contractors, unless you have a working relationship with them, normally do not want you bouncing ideas off them.Understand what their hourly rate is, have a discussion with them that you are okay with paying them an hourly rate if they walk the property with you and provide you a scope of work along with an explanation of what you can/can't get away with in regards to improvements.ask them if you go with them, if they can credit you the amount that you paid.Once you develop a working relationship with a few contractors, you can bounce ideas off them and expect quality responses.I do not invest in New York.Best of luck.
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6 February 2025 | 15 replies
Flips, STRs, and new developments.
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9 January 2025 | 9 replies
Why not joint venture with someone who has money, fix & flip itWhy not rent it out for at least the monthly carrying costs.Why not sell it on a lease option, get 10% cash up front to fund school?
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3 February 2025 | 47 replies
Instead of buying at today’s inflated prices, I develop from the ground up, creating built-in equity and higher cash flow from Day 1.If you’re open to new construction, Columbus has great zoning options and strong rental demand.
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14 January 2025 | 10 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
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13 January 2025 | 1 reply
I use a spreadsheet I developed to determine my entry costs, carrying costs, cash flow, tax write offs, appreciation and exit costs.
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18 January 2025 | 9 replies
I ran your numbers through my own development proforma analyzer and it looks really good as a DSCR loan.
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20 January 2025 | 32 replies
I personally like to buy in towns/neighborhoods in which no new builds are possible within 10 miles because all the land is developed.