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17 July 2018 | 2 replies
I've had it listed for rent for a couple of days now on a few rental sites, social media, etc, but have yet to have anyone come and look at it or inquire about it.
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19 July 2018 | 6 replies
Example:Land- .5 acres - 300kBuilding - 2200 sq ft at let's say 155 sq ft for contingency since they are saying 140= 341,000Legal costs - 50,000Grading and site work- 100,000Total Cost - 791,000NNN lease - 2200 sq ft at 30 a foot = 66,000 a year NOI66,000 / 791,000 = 8.3% cap rate to cost ( break even )Market resale estimate 6.5 cap rate = 1,015,0001,015,000 market price6% broker commission = 60,900Attorney and legal to sell = 15,000Stamps, recording fees, etc. - 10k or so (varies by state and county with costs)929,100 - 791,000 = 138,100 gross profit before long term capital gains tax of holding for more than 1 year time or deferred taxes if you 1031 exchange into something else.As you can see by the numbers this deal is too thin for all the work involved.
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26 July 2018 | 17 replies
There's a reason credit cards can't be used as down payments and the reason is that lenders want you to have skin in the game.
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14 September 2018 | 5 replies
SFRs in the suburbs are for growing families who want to be in certain school districts--these properties will have high property taxes and be at the more expensive end of the spectrum, but you can find fixer uppers and sell them at a good price after rehab if you are patient and look deep--try auction sites like Auction.com, Williams & Williams, Xome, Hubzu.
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18 July 2018 | 4 replies
I'm trying to stay a few steps ahead so I can put a long term game plan together.
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17 July 2018 | 5 replies
I got started a few months ago in the real estate game and I'm looking to connect with other investors.
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20 July 2018 | 10 replies
This iss great site to learn and exchange ideas.
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19 July 2018 | 8 replies
New construction costs can vary on several factors - land development, total sqft built area, on-site/off-site utilities, retention/detention area, covered/open parking, type of foundation and the list goes on.Do u have all permits from your City/County?
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18 July 2018 | 6 replies
Both of these sites tend to list most of the sold homes in the past few years.
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4 September 2018 | 11 replies
However, even after being in the game for 5+ years and cutting down costs a lot, for example there is a "Home Depot" warehouse 2 hours away, everything is 50 percent off store price, if not negotiable).