Two years ago I put 62k into a spec build as a second position loan behind a 240k construction loan. Roughly 2,300 square feet in a decent suburban submarket, as-completed apprais…
Six units across two small buildings, self-managed, and I'm on my third agent in four years. None of them were bad people. They just didn't understand what I was buying. So I star…
Wrote this up because it was avoidable and I didn't avoid it. We run a small service business on the maintenance side and I've been trying to get onto the ownership side for a whi…
Two leads sitting in front of me that have nothing in common. One is a 14 unit brick walk-up, four units down, seller inherited it and lives out of state. The other is a 22,000 sq…
I've been looking at a couple of small houses in a town about an hour out. Both times the sign had the listing agent's number on it and I just called that number. Nobody made me s…
I've been rebuilding my acquisition template since the August 2024 rule changes and I keep hitting the same fork on one line. Option one: put the buyer-agent fee in as a real cash…
Fast is my whole thing and it cost me this time. 6.2 acres, wooded, in a platted rural subdivision from the seventies. Owner in another state, inherited it, hadn't paid attention…
Two title agents in the same state gave me opposite answers last week, which is why I'm asking here instead of picking one. The setup: I'm building the file template for out-of-st…
I hold for a long time and I don't enjoy debt, so I keep arriving at the opposite conclusion from most people in this room. Deal I'm modeling: all-in $180k, ARV around $240k. At a…
Finished this one nine months ago and I've been chewing on it since. Single family, purchase 158k, rehab came in at 41k against a 36k budget, closing and holding 11k. All in 210k.…
Numbers first. Lot was 88k, infill, already platted. Build budget 388k for 2,350 square feet, four bed, standard plan I'd seen a local builder run three times. Sold at 512k. Actua…
I don't like doing anything without paper, so before I looked at a single house I sat down with a buyer who owns maybe fourteen rentals in older working class blocks and made him…
Text campaign turned up an owner of a small 4-unit in a market I've never been to. Two units occupied, two vacant, he says the vacants need paint and one needs a tub surround. He…
I run documents rather than properties, and my current setup is a single purchase and sale agreement with an assignability clause, used in Ohio, North Carolina and Oklahoma, plus…
I don't invest and I'm not sure I want to. But I'm out in neighborhoods constantly for work and I notice the same things over and over, houses with two years of mail in the box, b…
Different question from my other thread, more basic. Before I had any agreement with anybody, I'd been writing down addresses in a notebook for about a year and a half because fra…
The Redfin work showing buyer-agent commissions at the luxury level ticking slightly lower after the settlement, while fees on cheaper homes held or went up, is the part I can't s…
Deed state, live sale, single family house, 1,340 square feet, 1958, in a neighborhood where similar houses were closing in the $95,000 to $110,000 range. Opening bid was the tax…
I want one boring rental and I thought paying for access to a network's deal flow would shortcut the search. Paid $1,500 for a six month buyer seat in a group of about a dozen sma…
Two weeks in and I've got a conversation going with a buyer who does maybe fifteen houses a year. He said something I can't work out. For my first three leads, no finder's fee, bu…