A broker sent me a pad site listing, 0.9 acres in front of a grocery anchor, asking $410k, zoned for retail. His email said "ideal for an owner-user or small developer." Every art…
Land is 3.1 acres, entitled for a 34,000 sf light industrial shell on the edge of a distribution corridor in a mid-size metro. I control it at $780k with closing tied to loan clos…
Working out what the first deal actually costs and this keeps coming up. The plan is I find the seller, sign the contract, and an experienced wholesaler with the buyers does dispo…
I've got a 1960s 3/2 in a working class suburb, ARV somewhere around 215k based on four sales inside half a mile, repairs quoted at 45k by a contractor who walked it with me. Sell…
Duplex, both sides rented, tired but no structural problems. I had it at 129,000 from a landlord who was done. End buyer at 152,000. That 23,000 felt like too much to put in front…
Bought a small two bed cottage, dated but sound, 900 square feet. Budget was 26,000 cosmetic. Three weeks in I've spent 4,200 and nothing I've paid for is visible. Dumpster and ha…
Dated house, mid seventies, and the plan was paint, flooring, fixtures, light kitchen refresh. Nothing behind a wall. Then the electrician I brought in for can lights told me the…
I'm building a list of strategies and trying to figure out which ones I can actually touch versus which ones are spectator sports for me. Development keeps showing up as "most cap…
We manage about 900 units across small and mid-size stabilized buildings. Owner of a development that delivers in nine months wants us on it. 180 units, three buildings, phased CO…
Reading through a purchase agreement I marked up last week and the inspection period language is where the whole cost question lives. On land the killers are title, not condition.…
Not a big deal and I'm posting it because the small version worked and I want to know what I got lucky on. I didn't go to an auction. The county keeps a list of certificates that…
Reading a purchase agreement my buddy sent over for a second set of eyes and I've got a clause problem I can't resolve from the document alone. Setup: estate is the seller, PR sig…
The chapter says the established practice is leading with empathy and positioning yourself as a resource, and I keep bouncing off that sentence. I'm mostly land and long holds so…
I've got the renovation side clear in my head. What I don't have clear is the first ninety days, when you own a house that doesn't produce anything and needs 40k of work. The opti…
The parcel is 44 acres, agricultural zoning, two miles from a substation with visible capacity headroom and a rail spur on the far boundary. I've held it eight years at a basis th…
Underwriting a partnership is the same problem as underwriting a deal. You look for where the value goes when things break. In a JV wholesale the contract with the seller is where…
I've been listening to people talk about BRRRR for a while and I've been pretending to follow. Writing down what I think each word means so someone can correct me. ARV, after repa…
I've been reading this room for a couple of weeks and I can't tell which way the room actually leans on this one. The case for starting with BRRRR: if it works, the money comes ba…
I get one real day a week for this and I keep splitting it badly. My background is on the build side, so from the street I can tell you a roof has two layers on it, the gutters ha…
First one went okay, mostly by luck. This one is a slightly bigger lot in the same county and when I filed for the permit they came back asking for a stormwater management plan an…