Took 40 percent for introducing a tired landlord to a wholesaler
A woman two streets over from my mother's place had a 3/2 rental she'd owned since the nineties, tenant paying 780 in a market that supports 1,350, and she'd stopped answering the…
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A woman two streets over from my mother's place had a 3/2 rental she'd owned since the nineties, tenant paying 780 in a market that supports 1,350, and she'd stopped answering the…
I've been mapping which of the 2025 statutes reach land deals and the drafting isn't consistent. Some definitions of brokerage cover real estate generally, which sweeps in raw acr…
Under contract at 142. Assigned to a buyer at 159, so $17k to me, standard one-page assignment, non-refundable $5k deposit from him at signing. He's now telling me he can't close…
Still mostly on the paper side of things and confused about most of it, but this one bothers me. Every data source I read about, court probate filings, tax delinquency rolls, pre-…
Five months of pulling addresses off my own job sites and off the pre-foreclosure and tax-delinquent lists at the county. 41 leads passed to four investors. 3 closed. I got $1,500…
Six mainstream flips behind me, purchase prices 300k to 600k, and I've hit the point where the returns per deal don't justify the hours. So I'm looking at a listing I keep going b…
Estate duplex, three heirs, the PR is the eldest daughter and lives out of state. ARV around 215k, my number is 155k. Unit A has a tenant at 675 a month on a verbal month to month…
I've been trying to work out where a service-side person fits around probate investors, and the split that keeps coming up is whether outreach and underwriting should sit in the s…
Someone asked me at a meetup whether they should learn the opportunity zone rules first or go look at buildings first, and I gave a bad answer, so I'm putting it here. The case fo…
Seven of us, all part-time except me and one other guy. We've been running a shared Airtable of buyers for about a year. 340 rows, but only around 40 have actually closed somethin…
Underwriting is what I do, so I want the mechanics rather than the encouragement. If I bring a contract to a network member and their buyer closes, who decides the split. Is 50/50…
I run property management, so operators call me when a luxury flip stops selling and starts costing. The question they ask is whether to put someone in the house while it waits fo…
The elimination of tax on appreciation for holds of at least ten years is the reason most people are in these deals at all, and now that the program is permanent the ten year wind…
The rental side is where my money sits, and I want a piece of the portfolio that doesn't care what house prices do. Certificates look like the closest thing to that. Here's the mo…
This is a deed state, sale is a public auction of the property itself, opening bid is the delinquent taxes plus costs at $9,340. House is 1,180 square feet, single story, frame, b…
Looking at funding short term paper on light rehabs and the draw mechanics don't map. On a full gut you have framing, rough mechanical, drywall, and each one is a visible mileston…
Still working out which strategy actually suits me and I'm suspicious of my own reasons for liking this one. The appeal is obvious: short project, no structural work, you see the…
I was there to quote a full re-pipe. Copper, pinhole leaks in three places, house is about 25 years old and nobody has touched it since. Big house, five baths, pool, decent street…
Two plain questions I can't get a straight answer to anywhere. First, does wholesaling luxury need a real estate license? I've seen people say absolutely not because you're sellin…
Interviewing at a small independent shop, eight agents, mostly residential with a handful of small multifamily. I asked for their closing count and they gave me the whole spreadsh…