Small portfolio, 46 certificates across three counties at the peak, and I found the ceiling in the least interesting way possible. In my state a tax certificate has a life. If the…
I've bought a few things passively and I'm looking at single family for the first time, which means wholesaler emails. Two of them showed me the assignment amount up front, one bu…
This phrase keeps showing up in the compliance chapters I go through and nobody defines it in a way I can act on. If I have a house under contract at 180 and I want 195, at some p…
What I keep seeing with new tax-lien buyers is that they arrive with the statutory rate memorized and nothing else. The rate is the least useful number on the page because it's th…
Structure was clean on paper. I did the documents, my operating partner did the buying and the renovation, and a third party put in 85k for the rehab. To protect him we recorded a…
A friend who does renovation work wants to do a version of this together, and most of my money sits in passive deals. He'd run the buy and the rehab, I'd fund the acquisition and…
I put $6,200 into certificates last year across two counties and every single one redeemed inside eleven months. The interest came in at the statutory rate for those states, which…
Career change in progress, zero deals, and I sent my first real lead to an investor I met at a meetup. Small single family, garage door caved in, grass to my knee, notice taped to…
Right now I have two investors who each pay me $1,000 flat when they close on something I found. I don't contract anything, I don't talk price with owners, I hand over an address,…
Argued about this with my accountant and then with a GC in the same week and got opposite answers, so I want to know where the room sits. The purist position is that you underwrit…
I've been pricing a couple of vacant lots and every builder I talk to quotes a different cost per square foot for what sounds like the same house. One said 145, one said 190, and…
There's a cleared lot two streets over from a subdivision that finished last year. Asking 78k, flat, water and sewer in the street per the listing. I've never built anything. I've…
Not a big deal by anyone's standard but it worked and I want to write down how. I'd spent about two months just talking to buyers, no deals to offer, asking what they buy. Six of…
I have a small rental portfolio and I've been poking at the dispo side because it looks like the part of wholesaling that doesn't require me to cold call anyone. Everything I read…
I sat through a live deed auction as a spectator and counted maybe fourteen bidders who clearly knew what they were doing and thirty-something who did not. The ones who did not we…
I've been trying to figure out where I fit on the service side, and what I've landed on for now is document coordination for small operators. This is the first engagement where I…
Everyone talks about the fee. Nobody publishes the spend on the ones that die, so here's mine. Spend: 2,300 on marketing, which was 900 skip traced records plus a dialer month and…
Four unit, bought at 265k with a hard money bridge, 82k of rehab across all four units, all in near 360k. Stabilized rents are 1,150 a unit, so 4,600 gross. Appraised at 455k on t…
Mid-rehab on a property I intend to keep and rent. Called my insurance agent to add it to the same policy as my other rental and she said no, a landlord policy won't cover a vacan…
This is a loss with no closing statement, which is maybe why nobody writes it up. Early last year I had a small ground-up under contract. 9 units, 3 stories, wood frame, in an inn…