I think I'm doing a flip and calling it a BRRRR
Two properties in, and something's off with how I'm thinking about this. My process: find something cheap, fix it fast, get a tenant, refinance. That's the four letters. But I pic…
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Two properties in, and something's off with how I'm thinking about this. My process: find something cheap, fix it fast, get a tenant, refinance. That's the four letters. But I pic…
A landowner client asked me last month what it would cost to find out whether her 60 acres could get 40 megawatts, and I didn't have a price because I've never sold that. I spent…
I've spent my whole working life in the trades and had never touched the investing side, so I did the smallest version of this I could think of. Pulled 60 owners off the county si…
I'm building a list and haven't bought yet, and this argument keeps coming up with everyone I talk to. Side one says do the kitchen first. You're going to be in the house two year…
I want income without taking on a second job, so flipping has never really been my thing. But someone told me a live-in flip is basically the easy version because you're living th…
Two paths on the same kind of deal and I've read enough about both to be genuinely stuck. Path one, tie up raw land under an option with a long feasibility period, spend your own…
I look at rural stuff mostly, small towns, houses in the 80 to 120 range that need everything. Somebody in a local group told me that if you live in a flip for two years you don't…
I've had a list going since January and one house keeps coming back around. 1974 ranch, 1,450 sq ft, three bed one and a half bath, listed at $289k and sitting 60 days. Original k…
A broker sent me an 11 acre piece on the edge of a town of about 40,000. Currently zoned agricultural, the comprehensive plan shows it as low density residential, and there's a se…
Deal in front of me: 62 lots in two phases, raw land at about $1.9M, engineer's estimate on improvements around $55k a lot all in, finished lots underwritten at $105k. A regional…
Contract price 425,000. My rep agreement says 2.5%, so 10,625 to my broker. Seller signed off on 3% in seller-paid costs, 12,750, and I was planning to run the commission through…
I'm slow about this stuff so please bear with me. I went to an open house and the agent there asked if I had representation, and when I said no she said she couldn't take me to se…
I had a small three bedroom under contract at 91k and a buyer lined up at 118k. I picked a double close over an assignment because 27k looked like a number that would make my buye…
Every spreadsheet I open turns into another spreadsheet, and I'd like to actually get to a first deal. Two things are tangled in my head. First, valuation. On residential I get it…
Under contract on a 21,000 square foot neighborhood strip center, seven bays, 78 percent leased. Contract 1.44m, in-place NOI about 139k, so a 9.65 in-place. My buyer is at 1.61m…
I read the Redfin analysis showing buyer-agent commissions on luxury homes came down slightly after the new rules while commissions on cheaper homes held or went up. Small move, b…
I've been the analysis guy in this room for a while so this is me reporting on the cure. The pull started as everything absentee in two zip codes with 50 percent plus equity, 4,10…
I've been going to open houses with an agent I found online, and one of the places she took me to is a listing that's hers. Her own sign in the yard. She said if I want to write o…
I found a small three bedroom through an open house and the agent who was standing in the kitchen handing out flyers said she could just write the offer for me and save everyone t…
I gave a range on a first call last month and it cost me the deal. Long tenure owner, absentee, house had been on a rental for years. From the data and two exterior photos I said…