Real Estate Investing by Craig Grella | October 23, 2009To recap Residential Land Development Part 2, we discussed the importance of performing an economic feasibility study with cost estimating to determine a max price land offer and whether or not there is enough profit in your potential deal to warrant spending more time on it, or actually developing the land.
Assuming you’ve done that initial research and arrived at the conclusion your numbers look good, you’re ready to go back and do it all over again. This time you’re going to be more exact with your numbers. To do that, you’ll really need to hone in on the potential design of your house, and to do that you need to research what’s possible on your lot. You do that by learning all you can about the zoning codes in your city. These are the third and fourth steps in the residential land development process.
Read the full article → Flipping Houses by Brendan O'Brien | February 28, 2009What do these projects have in common? Replacing zone valves (not just the heads) for forced hot water heating Installing a 220-volt outlet for an oven Installing a hot water heater The common bond between these projects is that I won’t do ‘em. It’s not that I don’t have handyman skills – I do. But [...]
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A Few Lessons Learned on Working with Property Managers
by Joshua Dorkin | March 23, 2007I recently had an episode with a property manager and thought I’d share some obvious wisdom with everyone. We all have busy lives and from time to time we forget to do what we’re supposed to. HERE’S YOUR REMINDER: Stay on Top of Your Property Managers! Don’t just assume that they are going to do [...]