42,000 sf medical office building, all in at roughly $16.8M, so about $400/sf including a $85/sf TI allowance for the anchor. Construction loan quoted at 62 percent LTC, SOFR plus…
Every LP position I hold today is an operating asset with a rent roll I can read line by line. Ground-up is the part I keep circling and not committing to, and I'd like to hear wh…
Building a service business around real estate, and the expanded reporting on qualified opportunity funds under the permanence law looks like a real gap to me. The operators I tal…
Realized 310k of long term gain in October from selling a small retail strip. My 180 days runs out in April. I have two sites under LOI and I can only fund one without a partner.…
Lead came from a lending contact of mine, a tired owner of a small 4 unit in a soft submarket. I brought it to a wholesaler I'd worked with once before on the dispo side. Contract…
Still building my seller list, so this is theoretical, but it's bugging me. Say I lock up a contract and JV with a wholesaler who has the buyer. Assignment fee is $10,000, we agre…
Reading a state's tax foreclosure chapter next to the county treasurer's own procedure sheet and they don't line up on who gets served. The statute lists record owner, mortgagees…
A broker sent me a three story office building from 1963, about 22,000 gross square feet, asking $1.4M. That's $64 a foot for a structurally sound building, which sounds like a gi…
I'm brand new here, so treat me accordingly, but a broker who knows I'm looking sent me a package and I'd rather learn on a real set of numbers than a blog post. 1962 office build…
A framer I've worked with for years called me about his aunt's house. She's in assisted living now, the house is empty, and the family wants it gone without listing it. I've swung…
I've run framing and concrete crews on apartment jobs for years, so schedule and hard costs I'm comfortable with. What I don't understand is the money side. I can tell you what a…
I've been building a list of small sites, 8 to 20 units, and I've got one under a feasibility period now. Before I go further I want to check that I understand the shape of this.…
Closed this out in January at a loss of about $101k over 16 months. Fast, thin, and I got the thin part wrong. 4.1 acres on a paved county road, $310k. Zoning allowed six lots by…
I lend money, I don't want to own houses, so forgive the basic framing. Everything I've read says wholesaling requires no money. Then when I read further there's earnest money, ma…
Small portfolio, mostly duplexes and one fourplex, and I've never bought anything through a wholesaler before. The deal. Six units, two-bed each, one building, 1978, all occupied.…
Still list-building, no bids placed, but I'm modeling a 16% state with a three year redemption period and the subs are wrecking my spreadsheet. Say I win a certificate at $4,200 f…
First auction I've registered for. Online platform, county in a bid-down state, 340 certificates in the batch after the withdrawals were posted. My total budget is $12,000 and I w…
Small three bed, bought at 118k, put 34k in, all in about 158k with holding. I underwrote the after-repair value at 205k off three sales within half a mile that all closed in the…
I'd rather do the boring, dependable kind of investing, so I'm reading slowly. Two things I've read about BRRRR don't fit together. One post said the whole point is you get all yo…
I want income that doesn't turn into a second job, and everything I've read about wholesaling says it's a full time grind of cold calls. Then I read the buyer-first version and it…