Carolina Solorzano
Anyone investing in STR in Niagara Falls?
14 January 2025 | 17 replies
They designated certain streets not for STRs and others for STRs.
Donald DiBuono
Best Mailer Companies
9 January 2025 | 5 replies
It can be personally designed post cards or it can be letters.
Michael Calvey
Struggling to Find Deals? Check Out This 5-Day Challenge (FREE!)
19 January 2025 | 0 replies
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Otis Clayton
How do closing agents fund private money deals?
15 January 2025 | 15 replies
Retirement accounts are designed to be invested passively so when the IRS sees you running an active business in it, to level the playing field between retirement accounts and other business the retirement account incurs UBIT.
Andrew Fletcher
Happy Holidays everyone
20 January 2025 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
Tristan Kelly
First MF purchase in Cleveland OH
29 January 2025 | 11 replies
I scoured craigslist, the web and facebook for people to do very specific tasks.
Brook Burns
Tenant Security Deposit Escrow Account
29 January 2025 | 9 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.
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.
Tim Wiesemann
2025 Goal To Start Using BP
19 January 2025 | 4 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.