340 MLS rows later, should I even be looking on the MLS?
My spreadsheet has 340 rows in it from the MLS, and after running the 70 percent rule on all of them, exactly four ever penciled. Both of the ones I offered on went to someone pay…
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My spreadsheet has 340 rows in it from the MLS, and after running the 70 percent rule on all of them, exactly four ever penciled. Both of the ones I offered on went to someone pay…
I'm looking at a small mixed use building where the seller wants to carry most of the price. Price is basically fixed already, he told me his number twice and hasn't moved off it…
Contract signed Tuesday on a 3/1 brick ranch in a working class pocket, 1,100 square feet, seller is out of state and wants out. My number is 142k. My JV partner on dispo has a bu…
Renovation is my day job and I'm working out the acquisition side. Two different wholesalers here have offered the same arrangement: I find the seller and lock up the contract, th…
I look at small markets and low price points so my numbers are a fraction of what most of you work with, but the question is the same shape everywhere and I'd like to see where th…
I have been pricing sourcing tools and the spread is wide. The national subscriptions with daily updated default and auction data run from about thirty dollars a month for somethi…
Working through the paperwork side of a heavy rehab before I ever fund one. Say 160k of rehab released over six draws, a GC with four regular subs plus a lumber and a cabinet supp…
Working out what my first deal actually costs and I've got a single cell that says rehab, with 140 in it. Someone in another room told me that cell should be three numbers, not on…
Two agents in my area both do well at the top and they got there in opposite ways. One works a single neighborhood of about 900 houses, most of them over $2M. She knows every floo…
I've spent four months on this. The idea is draw administration for small developers, the 10 to 40 unit range, people building one or two projects who don't have an in-house const…
I own a couple of parcels I picked up years ago because the zoning looked like it would move eventually, and it did. One is now in a district that allows about 40 units by right.…
Slow decisions are my whole personality so I've been sitting on 60 addresses for two months without contacting anyone, which is its own answer. Before I do something, I want to he…
My guys are in neighborhoods all day anyway for service calls. It seems obviously wasteful that they drive past twenty rough looking houses a day and nobody writes anything down.…
My usual business is land and long holds, so this is out of my lane. A 1960s ranch came to me through a family situation, 1,320 square feet, clean inspection, everything works and…
I mostly do land so treat me as an outsider on this. I ran a house near me as an exercise. ARV I'd defend is 325,000. Cosmetic scope, paint, floors, fixtures, kitchen refresh, cal…
I've been researching land mostly as something to hold, and the more I read the wholesaling side the less obvious the choice gets. Assign it: no capital tied up, no property taxes…
I spent $4,100 on diligence for an estate sale last year and watched somebody outbid me by $12,000 at the hearing. That money is gone. I went back in on a second one anyway and th…
Building a list rather than buying yet. Last full month for my county gave 340 new probate cases. I matched names and addresses against the assessor and got about 60 that look lik…
I've been reading land for months without buying anything, and in the process I got to know a guy who assembles recreational acreage. He buys four or five parcels a year, all cash…
My first rental is coming and I'm reading everything, and I keep circling back to reverse wholesaling because it looks like the version with no down payment. Which makes me suspic…