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18 January 2025 | 8 replies
Although I don’t have experience in house flipping yet, I’ve successfully run a construction business back home.Due to the war, my family and I had to search for a new place to live.
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3 February 2025 | 31 replies
But if it's coming at the cost of your health or something else important than time with your family then it's perfectly fine to step back when you need to.I think this goes without saying.
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18 January 2025 | 5 replies
Quote from @Shannon Vistisen: Good Morning,I'm working with an investor (family) who owns raw land within an LLC.
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30 January 2025 | 62 replies
These are you law abiding, working, fair % families probably plenty with US born kids.
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16 January 2025 | 15 replies
Rents are high in this town and I think folks just don't sell their multi-family units very often.
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3 February 2025 | 8 replies
With good software available so readily I'd say nah, but you have a partnership with non-family.
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23 January 2025 | 11 replies
However, there are still plenty of tax benefits when it comes the income you generate from your multi-family property that you can deduct from.
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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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19 January 2025 | 3 replies
Investment Info:Single-family residence buy & hold investment.
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24 January 2025 | 10 replies
Are you marketing to families/groups or couples?