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22 February 2024 | 9 replies
@Seana Yates While people structure partnerships anyway that they find acceptable, here are some concepts to consider:Your "sweat equity" is great because it saves you in expenses.
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23 February 2024 | 19 replies
Hey @Lynn Wong, so if it is going to be a couple of weeks, it isn't worth the expense or trouble to try and STR it.It is empty.
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22 February 2024 | 43 replies
There's threads daily about the nonsensical things people do to be a "REI" at the expense of their actual stress, daily lives, and families well being.
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23 February 2024 | 10 replies
More expensive because you couldn’t use the old foundation.Hard pass and don’t look back.
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23 February 2024 | 3 replies
Here's the revised budget for a similar project in New England: Land Acquisition: Approximately $100,000 (reflecting the higher land costs in New England) Utilities and Tap Fees: Adjusted to $9,800 (originally $7,000 in Ohio) Engineering, Building Permits, and Architect Fees: Adjusted to $7,000 (originally $5,000 in Ohio) Construction Cost: Adjusted to $252,000 (for up to 1,125 square feet at $224 per square foot, considering the higher construction costs in New England) Total Adjusted Project Cost for New England: Approximately $368,800For a more ambitious project aiming for a 3-bedroom, 2-bath unit covering 1,750 square feet in New England, the budget adjustments are as follows: Land Acquisition: Approximately $100,000 Utilities and Tap Fees: $9,800 Engineering, Building Permits, and Architect Fees: $7,000 Construction Cost: Adjusted to $392,000 (for 1,750 square feet at the adjusted rate of $224 per square foot) Total Cost for the Larger Project in New England: Approximately $508,800These adjustments reflect the anticipated increases in project costs due to the regional differences in construction expenses and land prices between Ohio and New England.
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23 February 2024 | 19 replies
PetrHey Petr, I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.
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20 February 2024 | 6 replies
MFH helps reduce vacancy expense, and you'll typically have a better ROI.
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21 February 2024 | 0 replies
Housing starts were far below historical averages, creeped up in 2020-21, only to fall again.
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22 February 2024 | 5 replies
Single story of 40k sq ft Is tough as slab tends to be most expensive part besides the land so most build a second story to monetize more cash flow.
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22 February 2024 | 9 replies
The property manager also never sent pictures of the unit or gave me a heads up on any of the expenses to turn the unit, so there is no possible confusion about obtaining consent.I’m interested to hear how others might handle this situation.