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23 February 2024 | 3 replies
Your approach to calculating the maximum construction size within a specified budget is enlightening.Based on your figures, I've noted the project budget as follows: Land Acquisition: $8,000 Utilities and Tap Fees: $7,000 Engineering, Building Permits, and Architect Fees: $5,000 Construction Cost: $180,000 (at $160 per square foot for up to 1,125 square feet) Total Project Cost: $200,000This budget underscores the critical importance of efficient cost management, especially in balancing project size and quality within the financial limits.Considering my project will be situated in New England, where costs tend to be higher, I've adjusted the budget to reflect a 40% increase in utilities, tap fees, engineering, building permits, and architect fees relative to the costs you've outlined for Ohio.
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23 February 2024 | 13 replies
Hi @Michael Morelli, we’ve also seen a reduction of booking and viewings over the last year in Cincinnati, OH due to increased inventory.What we have done is look at the competition, implement a more robust pricing strategy, and our most effective is to agitate the listing as often as possible!
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22 February 2024 | 11 replies
@Christine ChoYeah I would speak with a plumber on the cost to instal and way it to the potential rent increase.
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23 February 2024 | 387 replies
Since I don't need the cash flow right now, I found that staying leveraged increased my ROI/IRR.
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22 February 2024 | 4 replies
I'm waiting on Buy It Rent It Profit's to roll out, it should be very simple to use which is key for me.
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22 February 2024 | 7 replies
I did leave them my business card and made it very simple, they did not have to talk about me or be "salesy" !
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22 February 2024 | 9 replies
Using some simple standardized tech systems and putting defined process's into place, basic training, maintenance ticket times were reduced 87%, PM Staff avg. communication time was dropped from 17min too under 4min.
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23 February 2024 | 9 replies
Are you interested in increasing the value of the property through rehab prior to renting it?
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22 February 2024 | 1 reply
Also to grow the LLC in the long run where we are planning to proactively increase our portfolio which is the way to go