Madison Sloan
Newlywed rookies close-ish to first purchase
18 January 2025 | 9 replies
My husband and I are approximately 6-12 months out from executing on our first real estate purchase. We have about 1/3 to 1/2 of a down saved at the moment, have a 755 Credit score, and are feeling good. We plan to sp...
Jake Andronico
Just met w/ a developer - housing affordability may get much worse.
27 January 2025 | 23 replies
LouisReleasing Federal Land for private sale?
Andy Taylor
Should I sell property as land or as homes?
31 January 2025 | 1 reply
That leaves me with 2 houses, both rented but one of them needs to go too.All this is close to the end of a dead end street.
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.
Scott L.
Where to advertise/post a 44 property SFH portfolio for sale?
8 January 2025 | 4 replies
If you are looking to list the portfolio, the agent could do Loopnet and the MLS.If you are looking for a private sale I have a few investors that I could shop it to, as well some private groups that I am a member of.
Matthew Orr
Should I sure for specific performance?
26 January 2025 | 2 replies
I did not mention, but this is a probate sale, and the seller is the executor of the estate.
Leslie L Meneus
Is Franchising/Business Ownership "Really" Not Considered REI?
30 January 2025 | 4 replies
In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.
Kody Smith
Hello, I'm just Getting started with creative finance.
24 January 2025 | 4 replies
Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.
David Ivy
Austin Market Report - December 2024
18 January 2025 | 1 reply
In the City of Austin, we saw a 6.5% increase to $575,000*Total sales increased 2.5% in the metro.
Lauren Ruppert
Can an LLC (sole proprietor) sell a property to an LLC belonging to a son/daughter?
22 January 2025 | 5 replies
You don't mention if that's the case, but I thought I'd bring it up.You also won't be able to recognize any loss on the sale if that's the case.