Tiarnan Gormley
Nearly 18 and need advice on REI while i'm away overseas!!!! HELP!!
25 January 2025 | 24 replies
You are positioned right at one of the top 10, if not 3, STR markets on the planet buddy!
Lauren Frazer
2025 shift from Sales to Investment!
24 January 2025 | 4 replies
Pushing into other, close-by, markets is the best (and maybe only) way to make it work.
Max Pergament
New Property Manager in Charleston – Excited to Connect!
30 January 2025 | 6 replies
My goal is to help property owners navigate management challenges while ensuring their investments are well taken care of.I’d love to hear from experienced investors about what’s working in the Charleston market and share insights as I gain more hands-on experience.
Jarret Jarvis
10 Smart Tips for House Hacking in Chicago: Find Your Perfect Investment Property
29 January 2025 | 1 reply
Chicago, with its vibrant neighborhoods and strong rental market, is a prime location for this strategy.
Austin Camden
New Member Austin Camden
28 January 2025 | 2 replies
Being in the Austin market gives you a great advantage since it’s such a hotspot for investors.
Mark Simpson
Interesting use case for ChatGPT Operator:
29 January 2025 | 6 replies
Quote from @Mark Simpson: Interesting use case for ChatGPT Operator:I asked it to do a market analysis and compare a random Airbnb listing to others in the area.
Jonathan Yake
First Live and Hold Deal
22 January 2025 | 2 replies
Spent a summer weekend hunting for on-market deals on days off with a realtor.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
You would really want to do your own due diligence and probably fly to the market(s) you'd like to invest in.
Kyle Hardie
New investor in Fairmont, MN
28 January 2025 | 7 replies
Fairmont is a good little market!
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.