I have a defined amount to place into tax certificates over the next two auction seasons and I keep going back and forth on the shape of it rather than the size. Case for concentr…
I was doing this to build the down payment for the first rental, and I wanted the practice of looking at houses without the risk of owning one. It didn't work, and the reason is s…
I'm selling a tenant-occupied single family rental, probably worth around $310k, so I can put the money somewhere that doesn't call me about water heaters. Two quotes on my desk.…
I have my license coming and no book of business at all, so I've been pricing out two ways to spend the first 18 months, and they behave very differently. Seller side plan: pick a…
Sitting on a decision and I want the room to argue about it because I keep flipping. A buy and hold outfit that picks up maybe four a month in my area told me they will take every…
Nothing clever about this one, it just closed, so here's how it actually went. Seller was an estate, three heirs, wanted done. Contract at 88k. Cash buyer I've sold to twice befor…
My last three double closes went different routes and I can't tell which one I should be building toward. Two used transactional funding, priced at a flat fee plus a couple of day…
Mid-project decision I have to make in about three weeks. 112 acres, rezoned last year, preliminary plat approved for 296 lots at an average of 62 foot fronts. The site drains two…
I've built the model four times and I keep getting a different answer because I don't know what the honest placeholders are. 40 lots. Raw land $1.1M. Engineer's opinion of probabl…
Planning my first purchase and I'm looking at small-town properties in the $85,000 to $110,000 range. If I buy at $95,000, put $25,000 in and it's worth $150,000 after, my gain is…
Finished and closed a 24-month live-in flip in a mid-size midwest metro, and then I did the accounting I'd been avoiding. Headline version: bought 195k, spent 61k over two years (…
Mostly reading about notes so this is adjacent to my lane, but I'm looking at buying one small rental to understand the asset side, and I've hit something confusing. Everything I…
Under contract on 22.4 acres at $410k, 90 day due diligence, $15k goes hard at day 30. Front 6 acres are zoned for two-unit residential, the back 16 are agricultural with a split…
Reading a single-asset offering in a designated tract. Sponsor's model holds for eleven years and exits at a 5.75% cap. The two arms length trades I can find in that tract cleared…
Bought a brick fourplex in a designated tract in March. Purchase was 265k. My accountant allocated 78k to land and 187k to the building, which means the improvement number I have…
I did this in the wrong order and it cost me about $5,300 over four months, so writing it down while it still stings a little. What I spent: $1,188 prepaid for a year of a propert…
This keeps coming up and the room is going to split. Situation I'm in. One acquisition-focused wholesaler does 6 to 9 contracts a month and wants me on an exclusive: I move only h…
After five years of running a service business, the thing I learned is that how you name the charge changes how people fight about it. Bringing that into this room because I'm see…
This is the first time I have funded the buy side of a luxury deal instead of just reading somebody else's package, so the numbers are the interesting part. Property was a 5,900 s…
Trying to work out the real number before I decide anything. Everyone says wholesaling is the no-money strategy but you still have to put something down with the seller, right? An…