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. 

I have a very good friend who has been pushing me to get into Real Estate inventing for years.

As the manager of the LLC, you can open a checking account where the funds rolled from your 401k. will land.

To minimize taxes, consider the following strategies:1031 Exchange Before Dissolution – The corporation could complete a like-kind exchange, allowing investors to roll their ownership into individual properties while deferring capital gains tax.

First step is to figure out how to buy the land (if it is even for sale); I have the name of the owner from the tax rolls, so I think I will start there. 

Other days, sellers ghost you, deals fall apart, and you wonder if you’re even cut out for this.BUT THE ONES WHO WIN IN THIS BUSINESS DON’T QUIT.They adapt, improve, and keep pushing forward. 

You’re in a solid position, but the challenge here is that your equity is tied up in a property that’s cash flow neutral—which means pulling cash out could push it into negative territory if you’re not careful.A HELOC is the most flexible option, even if you’re planning for long-term investments.

These products allow you to purchase a home that may need some work and roll the renovation costs into your mortgage. 

The house would push out the same 1300 a month, but I would have a mortgage loan.

Rewey: Great post topic...I'm going to pop some popcorn and will be back for the show.Just to get things rolling.