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I'm three chapters into the pre-license material and the dual agency section reads like it was written by two people arguing. One page says the agent owes undivided loyalty to the…
I've been at research for six months with nothing closed, and I finally sat down with two agents in the same week. First one owns nine rentals himself, has had a license for eleve…
A neighbor two streets over is selling a 1960s split level and her listing agent has told her she doesn't have to offer anything to the buyer's side, so she's planning to offer no…
I build, mostly framing and additions, and I'm starting to look at the sell side because I want to understand who I'm handing my houses to. An agent sent me a listing agreement to…
Situation I'm sitting in. I have a property listed with a small brokerage, four agents total. A buyer walked in off a sign call and one of the other agents at the firm wants to wr…
I've got two rehabs finishing inside three weeks and I'm renegotiating my listing agreement with the brokerage I've used for the last five. They want 2.5 on the listing side plus…
The payoff quote came back at $151,400 on a house I had under contract for $142,000, and for about ten days I was sure I'd burned five months for nothing. The deal: 1958 ranch, 3…
Borrower wants 140k on a 200k ARV, 30k rehab, and the purchase agreement is with an estate. The daughter signed as the one handling everything, and from the paperwork it looks lik…
First and probably last virtual attempt while I wait on my rental to close. Writing it up because the failure point wasn't where I was looking. Deal shape. Single family, 1,340 sq…
A wholesaler I've been talking to wants me to move a contract with a spread somewhere around $40k. He's used to 50/50 co-wholesale splits and told me that's just the standard numb…
I've been looking at live-in flip candidates for about two months and the two shortlists I keep making are completely different houses. One is the tired 1960s ranch on a street wh…
Background so the numbers make sense. I've done eleven deals, average price around $410k, and I've been stuck at that ceiling for two years. This one came from a seller whose sist…
I'm looking at a 180 unit garden style deal, roughly 42 million total cost, 68 percent LTC construction debt, 24 month build plus 12 to stabilize. Trended rents are the whole ball…
Site is entitled for 62 units, seller has held it three years and is done. They want it listed and they want a broker who understands development, which I am learning to be rather…
City wants a performance guarantee for the public improvements before they'll let me record the plat. Engineer's approved cost is $3.4M, they require 125 percent, so a $4.25M inst…
I have 34 acres under contract at $2.35M, zoned for detached single family by right, so there's no rezone in front of me. Engineer's yield study says 96 lots at 55 foot widths aft…
Short version for anyone thinking about this. I was on a 70/30 doing about $120k of gross commission a year, so I was handing over roughly $36k. That number sat in my head for a y…
Numbers on the one I keep re-running. Purchase 142k, rehab budget 38k, closing and holding call it 9k, so all in around 189k. My comps put the after-repair value near 235k. If the…
I've been mapping vendors around this strategy because the service side is what interests me. Lead lists, skip tracing, contractor marketplaces, punch list apps, draw tracking. Al…
I've got two tracts on my list that need the same thing, a rezoning from ag to single family at around 3 units an acre. The sellers want completely different structures and I can'…