A right of first refusal nearly ate my whole $60k assignment fee
Numbers first. 31,000 sf multi tenant industrial flex, four tenants, small southeast market with a real logistics story. Estate sale, listed for seven months with a residential br…
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Numbers first. 31,000 sf multi tenant industrial flex, four tenants, small southeast market with a real logistics story. Estate sale, listed for seven months with a residential br…
Long holds and land are my normal territory, so this is me reading into something adjacent rather than operating in it. A dispo arrangement was described to me where the operator…
Spent seven months building what I thought was a real disposition operation. 214 names in the CRM, 61 of them tagged as verified, which for me meant proof of funds seen in the las…
Contract at 74k on a 1,400 square foot two story in an older streetcar neighborhood, roof was near end of life and I priced that in. End buyer at 98k, cash, contract signed, fundi…
A few deals in and I've hit something I didn't expect. On my first two lighter rehabs I was at the house most days and I thought that was why they went fine. On the gut I just fin…
I do service work, so I'm walking through houses all week, and the idea of finding deals for the investors I already know seemed obvious. I asked nine of them if they'd buy a disc…
Trades background here, I've been on job sites for years and I'm looking at the paper side of it now. A guy at a supply house told me reverse wholesaling is the way in because you…
I've spent most of my reading time on notes and paper, so the rehab side is new to me. Every article about luxury flipping uses the word luxury like it has a definition, and then…
Property is a 6,200 sq ft 1994 build on a golf course lot in the top submarket here. Listed 2.65M, been sitting 140 days, seller is an estate. My offer thinking is 2.35M, maybe 2.…
Title commitment came back Friday on an 18 acre parcel I have under contract at 42,000. Builder buyer has verbally agreed to 68,000 and wants four lots off the road frontage. Two…
Everything I know about valuing property comes from rent rolls and expenses on my two small buildings. Land breaks my brain. Someone at a meetup told me he puts raw land under con…
Passed the broker exam in the spring, mostly because I was tired of paying a split on my own deals and I wanted the option. Now I'm sitting on it and the math isn't as obvious as…
I'm still working out where I fit in this industry and I keep circling back to the brokerage side rather than the agent side. What I can't find is a plain number for startup. I've…
Halfway into a 5,400 sq ft luxury reno I'm managing as a partner rather than as the GC, and the millwork package just blew up. Architect's allowance was 95k for kitchen, butler's…
Still new, so bear with me. A hard money lender's site said they fund 90 percent of purchase and 100 percent of rehab on flips, which made me think you could get into a $2M house…
I've been an LP in other people's deals for years, so this is me poking at the active side for the first time and finding out how little I know. My county posts a trustee sale lis…
This was a bank-owned two bed plus a converted attic room in an inner-ring suburb, on the market 71 days with two price cuts. List was 164, I offered 141 with proof of funds and a…
I have a contract shape figured out and now I'm stuck on sequencing. Say I get 12 acres under contract at 30k with a 30 day inspection period. Do I open title immediately and pay…
I've spent years underwriting, so I figured this would come easy. I treated it as a test with a budget and a stop date, which is the only decision I'd repeat. Budget: $14,000 acro…
Learning how private money moves and this one nags at me. A flipper owns the house and insures it. A landlord insures it. A wholesaler owns nothing at any point, so is there anyth…