Michael King
Experience partnering with Non-profits that runs Sober Living Homes in MD?
14 January 2025 | 1 reply
I'm considering partnering with a non-profit that would manage the sober-living program; with me just providing the house passively for rent on a per bed basis.
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.
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
24 January 2025 | 36 replies
Avantstay provides $1M liability insurance and they cover all guest-related damages (for master lease).
Jed Butikofer
No more mortgage payment, but not yet FI/RE: How should I utilize these funds in REI?
20 January 2025 | 37 replies
You already have this covered.2.
Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
Please reach out if you are a lender or can connect me.5 Bed 2 Full Bath & 2 Half BathExisting Mortgage ~$550,000Home Value ~$1.1+ MilSounds like a great deal.
Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
17 January 2025 | 7 replies
Quote from @Jared Haxton: Hi BP Community,I own a 2-bed/2-bath condo in Prescott, AZ (near Embry-Riddle Aeronautical University, hospitals, and medical facilities), and I’m exploring selling it via seller financing.
Mel Kirchhoff
STR transitioning into furnished LTR options - Advice needed!
6 January 2025 | 9 replies
So I was hoping someone else could benefit from having the big pieces like couches and beds, nice TVs, etc.
Toby Khan
Wichita, KS Investors
9 January 2025 | 107 replies
There's a number of them that are selling 3 bed and 2 bed.
Joshua Nichols
Funding Flipping for the First Time
28 January 2025 | 3 replies
They will usually want to see you have the capital for closing costs and some "reserves", meaning they want you to have a few months left over to cover any surprises.
Gregory L.
Rent it or live-in flip it?
26 January 2025 | 2 replies
The house is a smaller colonial with 3 beds and 1.5 baths.