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13 January 2025 | 15 replies
Just like any aspect of real estate investing, non-consumer lending at a large scale is a relationship business.
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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.
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31 January 2025 | 7 replies
What I see is typically in the $3k - $6k range for those types of properties.
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27 January 2025 | 56 replies
Quote from @Matthew Crivelli: Personally, I'm not a fan of Air B & B.
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24 February 2025 | 5 replies
would like to get personal message if somone have a recomndation on a PM in cuyahoga county, nime is making some problmes
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11 February 2025 | 11 replies
You probably also find a huge difference between SFR, Small multi and large multifamily.
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20 February 2025 | 8 replies
Intangible assets like goodwill or tangible personal property (e.g., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.
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10 February 2025 | 16 replies
I can see why so many people have such large histories on the forum.
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21 January 2025 | 20 replies
The flat fee buyer agency fee reduces the amount of the buyer credit/refund, generally by $6,000 (although options range from $999 to $8999, depending on how much help the buyer wants from the agent).
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22 January 2025 | 14 replies
A smart seller/listing agent will likely require a large EMD to tie you to performing on your offer, so be prepared for that.