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I've been working a small list by hand, maybe 220 owners, everything over 25 years of tenure in two zip codes I actually drive through. One of them called back after the third let…
I'm not a broker owner and I'm not licensed. I'm building a list of shops in my market because I'll need one eventually, and I've now sat in four recruiting conversations that all…
1,720 square feet, three bed two bath, single story, small city in the middle of the country where the median is around 350. Sold at 392 with a 26 day marketing period. Numbers as…
Reading the framing that the deep discount at purchase is the engine and the resale is where the cash arrives, and it strikes me that almost every failure I've read about is on th…
I mailed 300 letters to a list of notices of default in two zip codes, got six calls back, and one of them was an owner four payments behind on a 1970s three bed I comped at 289.…
Long holds are my usual thing so this was out of pattern for me, and I want to write it down while the numbers are still fresh. Single story plus mezzanine light industrial buildi…
I'm new at this, so here's the beginner question from the back of the room. When people here talk about conversions the numbers are in the millions. I want to know what the floor…
Coming from residential I have one move. ARV, comps, repair number, done. Everyone I email understands that language. Sent my first small commercial thing out last month, a 12 uni…
Six of us, and we've been operating on a group chat and goodwill since spring. That has produced eleven closed assignments and two arguments that took a month each to settle, so w…
Not an operator by trade, I do service work around this business, but I wanted one of these for myself and it's done. Small two bed, bought at 96k on a private loan from someone I…
My lender wants 12 months of ownership before they'll do a cash-out refi at appraised value. Before that it's purchase price plus documented improvements, which on a place I bough…
Numbers first. ARV around 240, needs maybe 35 in work, so I want to be in at 145 to 155 for it to be worth touching as a flip. There's a HECM reverse mortgage on it and the servic…
Closed three weeks ago on a duplex out of an estate. 1920s side by side, both units 2 bed, market rent around 1,250 each in a working class part of town where the numbers still ma…
Thinking about this from the capital side rather than doing it myself. If a driver covers say 60 to 80 addresses per hour in a dense grid and you pay $20 an hour plus mileage, you…
Both houses are on the same block. One has plywood over a front window and a tarp held down with tires on the back half of the roof. The other looks fine at a glance except the la…
I've been driving neighborhoods and I have about 400 addresses with owner names off the county site, no phone numbers yet. I spend maybe $60 a month on this, mostly postcards. No…
I mostly buy land and hold it, so this was me stepping outside what I know. A seller I'd talked to for two years finally wanted out of 14 acres, mixed timber and pasture, county r…
The house is a 1970s three bedroom, everything works, carpet is shot, kitchen is oak with the orange finish everyone hates. Layout is fine. The boxes are solid and the doors are a…
Filing came off a court-sourced probate list last month. Personal representative has been appointed, letters issued, so there's authority to sell. Property is a 1,400 square foot…
I've got a lead where the owner died about a year ago. Three adult kids, all out of state, and the one who called me back says she's the executor. When I asked for a copy of the l…