I've done a few lighter flips, paint and kitchens mostly, and I've been using the 70 percent rule the whole way. Max offer equals 70 percent of ARV minus repairs. Worked fine when…
This was supposed to be my careful first deal. Two story masonry storefront in a small city downtown, retail on the ground floor that had been vacant for four years, second floor…
I wanted something concrete instead of more spreadsheets, so I drove around and wrote down every obsolete looking building within twenty minutes of me. Here's what I actually have…
I'm planning the first purchase carefully and this is the decision I keep stalling on, before I've even picked a house. On a live-in flip you're the one living with the choices, w…
Reading a buyer representation agreement for a first small rental and the compensation page has a line I didn't expect. If the firm ends up representing both sides, the buyer side…
I've been running small rental positions for years and started doing land assignments as a side channel about eighteen months ago. The change worth reporting is a targeting one, a…
Project is a 1990s builder-luxury house in a strong high-end submarket, 4,600 square feet, target 4.1M. Purchase 2.44M, reno budgeted at 720k, currently trending 785k before this.…
I look at cheap dirt in thin markets, so nobody should copy these numbers into a metro. Bought both from the same estate. 11 acres and 8 acres, adjoining, in a county with maybe 9…
I'm new to most of this and I came in as a small LP, so the credit here belongs to the sponsor. But I read every document on this one twice and I want to write down what actually…
Working a 180-unit garden deal, wood frame over slab, total cost landing around $46m all in. That's about $255k a unit which for this market is not crazy. Lender indications are c…
I do passive stuff and read paperwork for fun, and I've been trying to work out the real cost base of the listing business because someone in another thread said 2.5% is mostly pr…
1,340 square foot three bed one and a half bath ranch, 1958, in a first-ring suburb where the buyers are mostly people priced out of the city. Bought at $198k, put $61k into it, a…
I put 61k into a light rehab as a passive participant, 12 percent with a 6 point exit fee on a 60 day projected hold, secured second behind a hard money first. Operator buys at 24…
Five years into running my own service business, I've done work on plenty of flips without ever understanding the vocabulary the owners use on the phone. Everybody says ARV. After…
I've been reading loan documents and partnership agreements more than listings, and one split keeps showing up in this room that nobody seems to settle. Say someone has 700k of re…
I read the ATTOM first-quarter 2026 numbers this week. Filings 118,727, up 26 percent year over year. Starts 82,631, up 20. Bank repossessions 14,020, up 45. More than twelve stra…
Something in the new law is bothering me as I read about how funds are being put together. The deferral piece for investments after 2026 is a rolling five year window. The elimina…
Still building my list, haven't bought anything. An agent sent me the representation agreement to sign before she'd take me out, which I understood was the new rule. What I didn't…
I'm putting numbers on a small shop, six or seven agents, and I keep hitting the same fork. Two owners let me sit with their P&L and they do this opposite ways. The first runs a 7…
I've been reading listing agreements for practice because I want to understand the service side before I ever sign one. The commission line is easy to read. What the seller gets f…