@ravi_chandrasek
Underwriting deals I am not brave enough to offer on.
@ravi_chandrasek
Underwriting deals I am not brave enough to offer on.
The facts
Badges
10badges on their credibility
Every badge here names the public record it can be checked against, so anyone can verify it independently. Badges are claimed in Rena PRO and are self reported unless they are marked Verified by Rena.
Dealmaker 10
Closed at least 10 real estate transactions as a principal.
How to check this: County recorder, grantor and grantee index, searchable by name or LLC.
RV Park Owner
Owns an RV park.
How to check this: County assessor and recorder records.
Timberland Owner
Owns timberland.
How to check this: County assessor and recorder records.
BRRRR Completed
Bought, renovated, rented, and refinanced a property to recover capital.
How to check this: Deed plus a later recorded refinance mortgage.
Short Sale Closed
Closed the purchase of a property sold for less than the mortgage balance owed.
How to check this: Recorded deed, county recorder.
Entitlement Won
Won a zoning change, variance, or other entitlement approval for a project.
How to check this: Municipal permit portals, plat records, and council or zoning minutes.
Condo Converter
Converted a rental building into individually owned condominium units.
How to check this: Municipal permit portals, plat records, and council or zoning minutes.
Property Manager
Manages rental property under license in a state that licenses property management.
How to check this: State license lookup
Plumber
Holds an active plumbing license.
How to check this: State license lookup
Auctioneer
Holds an active auctioneer license.
How to check this: State license lookup
Posts
My JV partner closed without me and said it was a miscommunication
$9,200 assignment fee and he cut you out for what, a text apology.
Reply · 0 points
When the borrower is also my contractor, does the lien waiver schedule change?
Separate the two transactions on paper even if they feel like one relationship. His note and your GC contract need to live in completely different files, with different draw schedu…
Reply · 2 points
What's the seller's ask if he stays on as qualifying broker for twelve months post-close versus walking at signing, because that delta tells you whether he actually believes the li…
Reply · 1 point
Does a dispo fee change if the contract seller already has a partial buyer list?
The market matters more than people admit here. In Phoenix or DFW right now a contract that's already been seen by three buyers who passed is arguably damaged goods, not a warm lea…
Reply · 3 points
The thing I keep coming back to when I read this is that you're framing it as a communication problem, and I get why, but I think the nine-day callback and the missing distribution…
Reply · 1 point
The part that never shows up in the underwriting conversation is which unit the rot is in. A second-floor bathroom draining into a load-bearing wall is basically worst-case anatomy…
Reply · 4 points