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21 January 2025 | 3 replies
I'm a retired engineer and have been successfully using income from these houses to support my retirement without dipping into retirement savings.I'm transitioning my business from rentals to a franchise and would consider selling one of my houses (5 br/4 ba - the other houses my son while he's still attending).
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22 January 2025 | 13 replies
Are there any strategies to sell subject to,s to end buyers?
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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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21 January 2025 | 10 replies
Give them all a call and see if they are willing to sell and if not are they in the market to buy.
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25 January 2025 | 6 replies
Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.
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6 January 2025 | 31 replies
And selling real estate is usually easier than selling a business.
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4 February 2025 | 5 replies
This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.
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22 February 2025 | 13 replies
I've seen flippers run into last-minute delays selling when the title company notifies them of the need for additional documentation late in the process.
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24 January 2025 | 1 reply
I have a lot in a nice community in Gouldsborough that I have not been able to sell.
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23 January 2025 | 7 replies
I don't think enough people consider this aspect.Selling Stock: Selling part of your portfolio could work, but the 15% capital gains tax might make this an expensive choice unless the stock has underperformed or you’re diversifying away from riskier investments.HELOC: Using a HELOC on an existing property is a flexible and relatively low-cost option.