I've had two closers use "simultaneous close" and "dry close" to mean different things and I want to nail the definition before I structure anything. Closer one told me simultaneo…
Eleven days out from closing on a small brick ranch in a working class pocket of town. 168,000, 20 percent down, small local bank doing the loan. Inspection is done, roof has mayb…
I started scouting to meet the people I eventually want to place money with, and I kept records the whole way because I wasn't sure the activity paid for itself. Seven months late…
I have no closed deals, six months of driving neighborhoods and pulling lists. Two local groups will take me. The first one is four people and they want me on acquisitions only. I…
I've been doing this backwards. I bought a list subscription before I understood the word. When people here say off-market, sometimes they seem to mean a house that was never list…
I pulled my first list this week and I'm sitting on it instead of using it, which I suspect is the actual problem. One county, single family, 3 bed or more. Filters I stacked: own…
Trying to work out the monthly bill before I commit to anything. I see probate lead services from about 40 dollars a month up to a few hundred and I can't tell what separates the…
I pulled 40 filings from my county's probate court records last week, the ones where real property showed up in the inventory, and I've got names and mailing addresses for the per…
I have a lot under contract, 62k, and a builder who says he'll do a 1,900 square foot single story for cost plus 12. He wrote the number on the back of a business card, which I un…
I've been tracking budget versus actual in a spreadsheet and it worked fine when it was a small scope. Now I've got a draw schedule, subs invoicing at different stages, two change…
I was looking for income that didn't turn into a second job, which is how I ended up wiring 25k to be the passive half of somebody else's luxury wholesale deal. The setup. An oper…
Structural problem I keep circling. In a double close on a luxury property, both deeds record. In states where sale prices are public, the end buyer or their agent can pull the in…
This was a rental I got talked into flipping instead, and the arithmetic looked airtight on paper. ARV 288 from three comps within a quarter mile, all closed inside 90 days. Repai…
If the whole scope is paint, flooring, fixtures, a vanity swap and landscaping, and no wall is opened and no system is replaced, is there any filing that happens at all? Or is it…
Small town, population about 4,200, an hour from anything. 11,000 sf building, half storefront retail and half warehouse, three tenants. Rent roll said $86k gross, expenses about…
Five years of transaction coordination, mostly straightforward resales, 550 a file. Over the last eight months maybe a fifth of my incoming work has been wholesalers doing double…
Twenty-two months of savings is the whole renovation budget on the place I'm circling, which means the work happens at the speed my paycheck allows. That's the live-in flip pitch…
Just started, everything is new. People in this space say JV about about four different things and I can't tell them apart. Someone told me they JV'd a deal and all they did was t…
I've got a two page JV agreement from a wholesaler who's been doing this eleven years in my market. Deal is a duplex, both sides vacant, seller inherited it and lives four states…
I'm trying to figure out which strategy fits, and land keeps looking attractive to me for a reason that might be wrong. The timelines are long, so the work seemed spread out. Long…