Soft Costs: Approx.

I made a soft/rough offer and feeling nervous about it and wanted to see if anyone had any insight.It was difficult to pull comps because of the uniqueness of the property but the closest I could find were 3 properties that sold in the last month and were all 6-families that sold for roughly $600k all of which had 3br/3br/2br type setup.The subject property has 5 two bedrooms, 2 studio's and the commercial unit.

Hey Joe - you can't really post "the same" ad everyday without your ad getting "ghostted" or doing things that are against their TOS - best to create a new ad everyday and post that.Also - if you use the same contact info - email / phone / website etc....those will eventually get "soft blocked" as well meaning you can't use them for a period of time.Doing heavy CL posting is an art form :)A "ghosted" ad is an ad that appears to you when you click the link in your email or your account but will not be seen by anyone when they go look for your ad naturally.

I'm originally from Cleveland so Ohio holds a soft spot in my heart but I also know of a very large turnkey operation that I respect that loves Indianapolis and has had a lot of success there.For all intensive purposes, they both look like great options and it might actually be a good idea to invest in both to diversify my portfolio.

Soft in the head?

Do you come on soft and work towards your goal or start with the lease how you want it to look? 

Would be interested in finding out where hard and soft costs are coming in, and what areas had the most variation from budget / projections (site work most likely).

also, $12k in total "soft" costs?

A sales license— the education and practice that goes along with it— will give You a solid approximation of the following skills and experience: a smattering of local jurisdictional law; it will teach you a bit about valuations, (and you’ll learn more about those and an asset’s place in the overall market and market analysis as you go); it will also teach you about fiduciary duty and negotiation, and you’ll get a ton of soft skills like networking, contact engagement, and marketing...All while you’re learning a thing or three about the physical assets.

Check Your Bank ReservesMake sure you have enough reserves to carry a property beyond the obvious hard and soft costs in the initial number crunching.