David Milanese
Wholesale knowledge please!
28 January 2025 | 11 replies
Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included.
Christina Galdieri
1031 Exchange for a small business?
28 January 2025 | 6 replies
@Christina Galdieri A 1031 exchange cannot be used for the sale of a business itself, as it only applies to the exchange of like-kind real property used for business or investment.
Robert Pickett
How to roll over 1031 exchange funds
29 January 2025 | 5 replies
You’ll have 45 days from your sale to identify them and you’ll have to buy enough of them, and only them, within 180 days of your sale to meet your 1.1M requirement, or face taxes.
Donald DiBuono
Buying a Trust vs Sub To
23 January 2025 | 7 replies
In his words, this is away around the due on sale clause that you can run into in a sub - to transaction.My question - if the seller puts the property in a trust, will this avoid the potential of a due on sale clause?
Michael Florkowski
Union Carpenter getting started in the world of real estate!
27 December 2024 | 8 replies
How do 5-7 people share food space, kitchenware, cooking time, etc?
Cosmo DePinto
Moving property from personal to LLC
27 January 2025 | 6 replies
Due-on-Sale Clause: Most mortgages have this clause, which could let the lender call the loan due if you transfer the property.
Ivan Cortez
Evicting During Winter Months
1 January 2025 | 6 replies
I would also send the tenant information about food pantries etc in the area.
Benjamin Carver
Raleigh-Durham 2025 Real Estate Market Outlook
24 January 2025 | 1 reply
Every year realtor.com releases a Top Housing Markets report based on anticipated sales growth (inventory) and price growth (appreciation).
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.
Sol Baum
Re: No due diligence-commercial
22 January 2025 | 7 replies
How about a sales contract with contingencies but with a limit where the buyer can only terminate the contract if their find material defects exceeding a certain dollar amount.