Putting this up because I read a lot of conversion threads before I wrote the check and I didn't read enough of these. Two story masonry building from 1926, ground floor was a ban…
I mostly do land and zoning and I'm trying to get the vocabulary straight before I embarrass myself in front of a planner. I see "adaptive reuse" used for a warehouse becoming lof…
Under contract at $142,000, ARV somewhere around $215,000, needs maybe $30k of work by my numbers. Dispo partner says he has a buyer at $158,000, so $16,000 spread, 50/50. Fine. W…
I own eleven units, mostly small stuff, and over six years I've collected maybe forty local landlords who buy at the price points I do. I'm in group chats with a dozen of them. Th…
I'm building the dispo side of a small service business and I've got 60 names in a spreadsheet, of which maybe seven have actually closed something in the last year. A contract la…
A developer I've worked with wants a bid on a 6,000 square foot two story commercial building he's converting to apartments, and he's told me the improvement spend has to clear a…
Deal in progress and I want to understand the failure modes before I commit the gain. Numbers: purchase $1.2m, allocation looks like $340k land and $860k improvements, so my subst…
I'm trying to understand where the money actually comes from in a brokerage. My understanding, which is probably half wrong: an agent has a salesperson license and has to hang it…
I've been circling a small independent brokerage in a secondary market for about four months and the seller finally sent real numbers instead of a summary page. What I have: 12 li…
Three bed one and a half bath, 1,340 square feet, built 1962, sound roof and a furnace from 2019. Seller wants 148 and will take a two week close. Comps in the pocket are 232 to 2…
The number I keep tripping over is the reported typical flip: buy near 260,000, resell near 325,000, gross profit around 65,000, gross return roughly 25 percent, described as the…
Been planning my first purchase for a long time and it ended up coming from a wholesaler two states away from the house, which is not how I pictured it. The property was a 1960s 3…
I took the job because I wanted to learn the business from inside and I had no production of my own to protect. Comp was $2,400 a month plus 3% of the company vesting over four ye…
Building a list right now, no deals yet, and I'm rehearsing calls with a friend so I don't freeze. The part I keep changing my mind on is whether the words "I'm going to assign th…
Found this off a service call. Homeowner in a 1970s ranch had a repipe quote she couldn't pay and a plumbing problem that was going to get worse. She wanted out. I'd been reading…
A broker forwarded me a two story former medical office, about 11,000 sf, asking around $58/sf in a small city where finished two bedrooms lease fine. My first thought was that it…
First deal I did the normal way, locked a property and then panicked for two weeks looking for someone to take it. Fee was $3,100 and I nearly blew the closing date. This one I ra…
Mostly I read about notes so this is new ground for me. An agent sells a house and gets a commission. A wholesaler assigns a contract and gets an assignment fee. In both cases som…
Sold a 12-unit in June. Gain after depreciation recapture is about $486k, and my 180 day window closes in early December. So whatever I do, I do it inside a currently designated t…
I've been modeling a $400k gain going into a single-asset fund. The building I keep coming back to is a 1960s two-story retail block, asking $520k, and about $300k of that looks l…