Got handed a deck for a small fund, $14m target, buying tax certificates in three bid-down states and bidding at deed sales in two others. Terms are a 9% preferred, 2% management…
I mostly buy land and hold it, so my driving is different from a house route, but I've been arguing about this with two people in my market and neither of them will budge, so I wa…
Capital side, still deciding where to put money, and I'm trying to understand this method as something I might fund rather than do. A data vendor can hand me every property in a m…
Second call with an agent who says she works with investors. Ten minutes in she asked what my buy box is and I said something about "good deals in decent areas" and heard myself s…
Four deals in, and every agent I interview says they work with investors. Then I ask what cap rate the last small multifamily in the submarket traded at and I get a blank. I've st…
I've been trying to figure out where I fit on the service side of this business, and last week a guy I know through a contractor friend asked if I'd "handle the project" on a spec…
Trying to write down everything I'd pay between putting a lot under contract and pouring footings, and my list keeps growing. So far: plan set, boundary survey, topo, soils report…
Eleven months, 31 houses, one purchase at 348,000. The thing I'd tell anyone who plans slowly is that a single long agreement gives you nothing to talk about, and a short one that…
Numbers first. 250k purchase, 25% down at 62,500, closing costs and reserves roughly 9k. Buyer agreement in front of me says 2.5%, so 6,250. Listing side is indicating 2% willing,…
I've spent about four months comparing the three entry points and I keep going in circles, so let me put the actual constraint down. I have roughly $95k liquid and a hard money re…
I've spent three months talking to people who make money around bank-owned property rather than owning it, and I want other eyes on whether the volume supports what I'm sketching.…
I'm putting together a screening service for people looking at obsolete office and retail buildings, and I've hit a question I can't settle on my own, so I'd rather ask the room t…
Posting this because most of what I read about opening a shop assumes an office and a roster. Mine has neither. Background: I sell rural land, mostly 10 to 160 acre parcels, and I…
Five years in with my service business and my office has been a bedroom in this house the whole time. Roughly 12 percent of the square footage, and my accountant has been taking d…
14 months into the current one. 1,100 sq ft bungalow, bought at $228k, about $41k in so far, and the remaining work is exterior and one bathroom. Comps say $340k finished. My wife…
I want the boring thing that works, and a conversion is not that, but a small one came across my desk and I looked at it seriously for about ten weeks. Single story former bank br…
Sitting with a 1978 concrete frame office building, 11 floors, 22,000 sf plates, post-tensioned slabs. Perimeter glazing is continuous strip window, sill at 30 inches, so the dayl…
Passed a pre-foreclosure to a buyer I hadn't worked with before. Single family, 1,800 square feet, owner about eleven months behind, and I'd had two long conversations with her. S…
I've been sitting in on calls with heirs to learn the language, and the same moment keeps coming up. Somebody asks what the house would sell for on the open market, and there's a…
I'm about two thirds through the pre-license coursework and I have four vacant houses on a street near me that nobody seems to be doing anything about. Two have notices taped in t…