I have a certificate approaching the end of the redemption period and I'd rather not spend the money to get to a deed that a judge can undo. Numbers: $6,800 all in with two years…
Trellis here on the management side, so I see the tail end of these deals more than the front end. Two of the operators I manage for argue about this constantly and I want to see…
12 unit brick walk-up, one market, one broker, seller is an estate. LOI accepted at $1.06m. Their attorney sent back a draft PSA with a 15 day inspection period and $50k earnest t…
I do a lot of due diligence on passive deals and I've been reading about land as something I might actually do myself. The pattern I keep seeing in write-ups is that the cheap par…
First mail campaign on land goes out next month and I'd rather someone break the math now than in April. List is county records, absentee owners with a mailing address outside the…
I ran a probate campaign from February to July and closed zero deals out of it. Not one. I want to write down where the money went while it's still fresh, because everything I rea…
Talked to a daughter about her mom's house. She says her lawyer told her the sale has to be approved by the judge and there's a hearing where other buyers can show up and bid high…
Selling a small rental I've had for nine years, 172k, cash offer, no inspection contingency after day 10. All fine. Then the contract came back with "and/or assigns" after the buy…
Building my buyer list still, so this is theory for now, but it's bugging me. A double close is two deeds recorded, seller to me and me to my buyer. Somebody on another forum said…
Everywhere I look, first deal advice says find an experienced wholesaler and give up half. Half of a 12k fee is 6k, which sounds fine when the alternative is zero. What I can't te…
I've got about $50k I'd allocate to certificates this season and I'm modeling roughly 60 certificates averaging $800 in a Florida-style batch auction. The plan assumes I never win…
Set aside $18,000 for a first year in certificates. Won 9 at the May sale, total outlay $12,060, average $1,340, rates between 8% and 12% in a premium-bid county where I paid no p…
Closed on a 2,000 sq ft foursquare at 186, ARV 435, budget 158. I've framed houses for years so I priced this one myself and I was confident about it. That confidence is most of t…
I've been reading loan documents for a while now because I think I want to be on the lending side eventually, and I picked up a term sheet from a hard money lender to see how a fl…
I've been reading my own file backward, the way an examiner would. On a double close I end up with a recorded deed into my entity and a deed out, and the standard claim is that th…
Building this out carefully before I buy anything, so forgive the theoretical framing. Starting capital 60k. Model assumes each deal is all-in at roughly 78% of ARV (purchase, reh…
The part of BRRRR I get stuck on is the middle. Buying I can do on weekends, renting I can pay someone to handle, refinancing is paperwork. The renovation looks like it wants my T…
Career changer, starting from zero on all of this, so please be blunt with me. Everything I read about land development involves 40 or 60 lots and millions of dollars of pipe. The…
Closed out the last four lots of a small infill subdivision in March, so here are the real numbers. 3.2 acres inside city limits, already zoned for what I wanted, minor subdivisio…
Construction is my background, investing is not, so I'm the guy who trusts a scope of work and distrusts a comp. Property is a 1,400 square foot 3/2 in a decent submarket. Agent's…