Bought a 1920s four unit two years ago, all four occupied, all four rents about 40 percent under market because the previous owner never touched anything. Two units are 1 bed, two…
I don't have a property. I'm trying to build the budget sheet first so I'm not doing arithmetic in someone's driveway. So far I have paint, flooring, light fixtures, cabinet hardw…
I own rentals because I like things that keep working when I'm not looking at them. But the numbers on cosmetic flips keep showing up in my feed and the argument is that a 6 to 8…
Building a shortlist of agents to call and I've noticed that phrase on about nine profiles out of ten. Investor friendly. Works with investors. Investor focused. I can't tell if t…
My whole job is underwriting, and yet I've never bought a house. My spreadsheet skills do nothing for me on the parts I've never done, so I'm asking this as a beginner because tha…
A sponsor I underwrite for had a 96 unit deal that died in early 2024. Land was tied up, plans were 60% done, and the yield on cost was 5.4% against exit cap assumptions in the lo…
Bought at 291 in a metro that ran hot through 2021 and 2022. 1,900 square feet, 2004 build, everything sound. Scope 34k of paint, flooring, fixtures, kitchen counters and applianc…
Every explanation of the 70 percent rule says the same sentence: pay no more than 70 percent of ARV minus repairs. I can do that arithmetic. What I can't figure out is where the b…
Sold my starter house last year to free up cash for the investing side. Three agents came through. Two of them said 428 to 442 and walked me through six comps each. The third said…
Bought at $210k, all in at about $298k including the renovation and carry. Full gut, new kitchen, new mechanicals, everything permitted. My agent wants to list at $315k. I want $3…
My work is on the capital side and mostly reading other people's diligence, and off-market keeps coming up as the place the margin lives. Fine. What I want to understand is what t…
I run a finish trades business, five years in now, mostly high-end interiors, and I've never structured anything like this. Sponsor is doing a 4.6M target flip, big renovation, a…
Small loss in money, big one in learning, so writing it up while it still annoys me. Five of us share a lead list. Skip traced records, a shared spreadsheet, everybody works it. T…
Cheap end of a farm town, population under 4,000, no lender involved on either side. Contract at 38k, end buyer a local landlord at 52k. 14k spread on paper and I've done enough o…
I thought this was a hypothetical question until it landed in front of me. Bank-owned three bedroom, listed at a number I can make work vacant. The listing agent says the bank wil…
Building my list and I've got the purchase side roughly understood. What I can't get a straight answer on is everything else. I see people talk about needing "reserves" and I don'…
Career changing into this and I've got no construction background at all, so please assume I know nothing. There's a listing near me, 1,100 sq ft, 95k, description says "down to t…
One channel says you can start virtual wholesaling for nothing with a free county site and a cell phone. Then there's a program selling me a $10,000 course that apparently include…
I want monthly income and I don't want to become a landlord in my own city. Virtual wholesaling came up because it looked like the version where I don't fix toilets. What I have:…
I'm getting licensed and working out what else I can be useful for, and this room keeps describing problems that sound like someone else's job. Out-of-state buyers can't inspect.…