every post in the forum, newest first
A rental listing lives or dies on friction. If a renter has to read three sentences before they learn the rent, the bedroom count, and whether parking is included, they have alrea…
I've been reading through the operating agreement I have with the Sevier County cabin, which technically was structured as a pass-through from my aunt before she passed, and there…
I believed that for years too. Cleveland investors and the agents who work with them ran on cheap and fast, and anyone who tried to charge $250 for a shoot got laughed out of the…
Mine just handed back $3,200 on a 58k rehab in Garland after a plumbing rough-in ran shorter than he scoped. First time that has happened to me in six years of doing this and I do…
That extension is the thing I keep thinking about. The original closing date was March 14th. Buyer's attorney asks for 48 hours on March 12th, seller agrees over email, nothing ge…
I picked up two nonperforming firsts in Georgia that are dragging, so I have been stress-testing every asset I touch right now, and the Houston STR mobile home situation is the on…
Closed 34 days later, so financially fine, but I had nothing on paper between the handshake and the wire. No written terms, no scope of what counted as a qualifying lead, no fee s…
A deal worth studying: a value-add fund closes at 40 million, deploys into eight assets over 30 months, and the LPA grants the manager a promote on each asset individually at disp…
A seller carry or sub-to structure has enough moving parts that watching someone explain it on video feels genuinely different from sitting with the actual purchase agreement and…
I am closing in on my first mezz position, somewhere between $180,000 and $220,000 behind a $1.4M senior on a mixed-use conversion in Nashville. The senior lender has their own co…
I closed a Phoenix contract sub-to at 4.1% in March and my attorney flagged the due-on-sale language but told me enforcement is rare. I want a number, not "rare." Has anyone actua…
My broker said something to me last week that I have not been able to shake. He said most people walking into a live-in flip think of their mortgage payment as money they would be…
A trust in the chain of title slows everything down because the trustee has legal authority to sign but often no personal reason to move fast, and the beneficiary is the one with…
I bought in Cleveland suburbs and the math worked because I was there. Garfield Heights duplex, I was in one unit, tenant in the other, the numbers cleared by maybe $200 a month a…
Bought it in early 2022 thinking the renovation reset the clock. Previous owner had done everything, new roof, new HVAC, PEX throughout, updated panel. I sized my reserves like I…
Under contract on a duplex in Spokane right now, so I have been reading every piece of Florida contract law I can find because I want to know what bad looks like before I end up i…
Most sponsors I see spend two weeks on the initial deck and twenty minutes on the bad-news update, which is backwards. The update is the audition. Take a deal where month four bri…
The number that catches people is how much the debt structure changes between a 60 unit and a 120 unit deal even when the dollar amounts look similar. At 60 units a Fannie small b…
Most conversations about rent credit land on a percentage, somewhere between fifteen and thirty percent of the monthly payment, picked because it feels generous enough to keep the…
The structure comes up more often than people expect: a seller carries a note, then decides to forgive or gift the interest payments back to the buyer, either periodically or as p…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
Bought it in early 2022 thinking the renovation reset the clock. Previous owner had done everything, new roof, new HVAC, PEX throughout, updated panel. I sized my reserves like I…
A trust in the chain of title slows everything down because the trustee has legal authority to sign but often no personal reason to move fast, and the beneficiary is the one with…
I am closing in on my first mezz position, somewhere between $180,000 and $220,000 behind a $1.4M senior on a mixed-use conversion in Nashville. The senior lender has their own co…
Most sponsors I see spend two weeks on the initial deck and twenty minutes on the bad-news update, which is backwards. The update is the audition. Take a deal where month four bri…
The posts drawing replies and likes right now.
A mile and a half from a nine unit property sits 300 acres of soybeans a developer wants to turn into three large single story buildings. Neighbors and nearby owners often show up…
I bought this in my second month of looking, which tells you most of what you need to know. 2.5 acres, listed on a land marketplace at $7,900, closed at $8,900 with fees and the d…
The tuition is often the smallest number in a bad coaching purchase, and a case worth walking through makes that clear. The pitch that lands is a "strategy fit" call in week two.…
Reading a buyer representation agreement for a first small rental and the compensation page has a line I didn't expect. If the firm ends up representing both sides, the buyer side…
Consider an owner of a 12 unit and an 8 unit, both older walkups in a working class part of town, who decides the buildings should have a social media presence and hires a content…
Here is a scenario the room can work through, because the sweat equity question and the anchor rollover question collide inside it. The structure as pitched. An operator who has d…
I spent six months researching, and my first real move was a conversion that never got permission to exist. The property: a 4,100 square foot 1920s house, six bedrooms, two baths,…
I'm the seller on a 3 bed 1 bath in a working class pocket of a mid size midwest market. Appraised style value around 240k, contract at 240k. Buyer is self employed, two years of…
Take a lot bought for 62,000 cash and a finished house that closes at 452,000, eleven months from first excavator to closing table, for a builder new to ground-up construction aft…
I did not catch it until month seven. The agreement calls it an "administrative processing fee" charged to the resident, collected by the manager, retained by the manager. My rent…
Everything posted since you were last here.
Most conversations about rent credit land on a percentage, somewhere between fifteen and thirty percent of the monthly payment, picked because it feels generous enough to keep the…
A deal worth studying: a value-add fund closes at 40 million, deploys into eight assets over 30 months, and the LPA grants the manager a promote on each asset individually at disp…
I bought in Cleveland suburbs and the math worked because I was there. Garfield Heights duplex, I was in one unit, tenant in the other, the numbers cleared by maybe $200 a month a…
I closed a Phoenix contract sub-to at 4.1% in March and my attorney flagged the due-on-sale language but told me enforcement is rare. I want a number, not "rare." Has anyone actua…
The number that catches people is how much the debt structure changes between a 60 unit and a 120 unit deal even when the dollar amounts look similar. At 60 units a Fannie small b…
