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…
Working on getting licensed and I want to understand this from the ground up before I ever try it. Everything I read says lead with empathy and never mention how you found them. B…
Sitting on a JV pitch from a two person outfit that works notice-of-default lists in three counties. They want me to fund the acquisition capital and, separately, a quarter of out…
A guy I know through my brother builds one or two houses a year. Last time he had a lot and a construction loan but needed money to cover the gap between draws, and he offered me…
Running a two-person route in a metro of about 900k. We log roughly 400 addresses a month between us. Skip tracing at about 18 cents a record, but my usable hit rate (correct owne…
I've spent the last two months building the thing instead of pricing it, and now three local buyers want numbers from me and I don't have a defensible one. What exists. Two part t…
I've spent six years buying and holding land and I know the zoning side of my county better than most of the agents working it. Two people have separately asked if they could list…
Brokerage ICAs might be the strangest documents in this business, and I spend a lot of time in the paperwork nobody else reads. The agreement says the agent controls their own hou…
Writing this for people at my level, which is the level where you read the deck and think you understand it. Two and a half years ago I put $75k into a 60 unit ground-up apartment…
Signed a JV on 11 acres about 20 minutes out from a growing secondary market. Seller was an out of state heir who wanted it gone by year end. I got it at 88k on a 60 day contract…
Someone sent me their standard JV agreement for a dispo split and asked what I thought. I don't do these deals, I just read paperwork, and one clause is doing something odd. The s…
A few deals in on the acquisition side and I've hit a wall where I can find contracts and then sit on them for two weeks. So I've been looking at the other direction, whether I co…
28,000 sf suburban office, three stories, 61% leased, built 1987. Seller was a family LLC that had owned it free and clear since the 90s and had stopped answering the leasing brok…
I don't move fast on anything, so I did this in the order that felt safest. I asked one buyer what he wanted before I looked at a single house. He's a local guy with maybe 30 rent…
I fund deals rather than do them, and I want to understand this model from the buyer's chair before I ever write a check to someone running it. A wholesaler I've been talking to h…
There's a 1950s three bedroom on my walking route that I'd been looking at for about twenty months. Gutter hanging off the back corner, mail wedged in the slot so hard the flap wo…
I spend most of my time on the service side of real estate, so the acquisition part is new to me and this is the piece I can't picture. Everybody explains how to get a parcel unde…
This one started as a parcel I wanted to keep. 40 acres, mixed hardwood and about 11 acres of old pasture, two years of delinquent taxes at roughly 4,100 including interest, selle…
I've been reading through purchase agreements from three different probate buyers and they split cleanly on one point. Two of them get a contract signed by the heirs early, weeks…
Working a $2.35M deal, mixed use flex with two service tenants and one vacancy, and I'm stuck on how to price my own position rather than the building. Spread as I see it is somew…