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2.4% on a 700k purchase is 16,800. I don't think anyone does 16,800 worth of work for me on a resale house, and I say that with no disrespect to the job. So I went looking and fou…
Closed a 265k three bedroom rental in a boring inner suburb. Nothing clever about the property. The compensation part is the only interesting piece. I'd been watching this submark…
Duplex, side by side, both units leased at $1,150. Listed at $268k. The agent who had the listing also handles a lot of the small multifamily around there and when I called about…
Put money behind an operator on a pre-foreclosure in a state I hadn't worked before. Owner about six weeks from a trustee sale, payoff around 214k with 11k of arrears, agreed pric…
22 acres on the edge of a growing suburb, contract at $1.45M, contingent on rezoning from a two acre minimum residential district to something that would carry 74 lots. Fourteen m…
Deal on my desk: a partially built 138 lot subdivision in a metro suburb where the original developer stalled. Phase 1, 60 lots, is recorded and has roads, water, sewer, and dry u…
I own 9 acres behind one of my small buildings, picked it up years ago with the rest of the site and it's been sitting in grass. Planning tells me up to 4 lots goes through an adm…
Standing rule in most of the training I've read is that you never reference how you found the owner and you never put their foreclosure in the first line. Lead with help, let them…
Working out what the first deal actually costs and I realized I don't understand how I get paid. If I assign my contract for $5,000, does the buyer write me a check when we sign t…
Locked a 3/2 at 148k against a written buy box from a buyer who closed nine houses last year. He passed on day nine because his lender wouldn't fund a fifth concurrent project. I…
Finished and closed last month. 2,340 square feet, two story, four bed, in an established neighborhood where similar houses trade between 545 and 590. Mine appraised at 508 and so…
I've got a build decision to make and it changes what I spend the next year on. Option one is depth. Two states, learn them properly, one attorney per state on retainer, contract…
Wholesaling isn't my plan, I buy and hold and my first property closes later this year. But my brother in law has been in a five person referral group for four months and I've bee…
Construction side here, so I'm used to reading plans and not county records. I've been told the pre-foreclosure list is really just the notice of default filings, but a guy at a m…
An operator I've done two small bridge loans with sent this over last night and wants the whole stack. Single family, 1,450 square feet, built 1978, second ring suburb of a Sun Be…
I own a service business and I've been lurking here a couple of months, so treat me as the beginner in the thread. I want to understand the two exits before I get near a contract.…
The same argument keeps coming at me from two directions when I read about how private capital moves, so I'd rather ask than keep guessing. One side says a specialist earns their…
I want income without picking up a second job, and virtual wholesaling got recommended to me because there's no property to manage and no tenants. The pitch I heard was a $97 a mo…
Pulled 800 absentee owner records in a metro about 1,200 miles from me, single family, 15 plus years of ownership, out of state mailing address. Trace ran $0.12 a record so $96 al…
I've been mailing a small absentee list for a first rental, badly and slowly. What actually happened is a woman two doors down from a property I mailed called me because her siste…