My carry sheet says 19.5k a month, an operator says budget 30k
Six months of building models, no deals yet, and I want to stop being wrong about this line before I write offers. Here's my monthly carry sheet on a hypothetical 2.6M purchase in…
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Six months of building models, no deals yet, and I want to stop being wrong about this line before I write offers. Here's my monthly carry sheet on a hypothetical 2.6M purchase in…
Just started, so I'm probably about to get corrected, but I've been running numbers on published notices as practice deals and the pattern is ugly. Take one: ARV around 320k after…
Finished this one 11 days ago and I want to write down what actually happened while I still remember the order of it. House: 1,320 square foot three bed on a slab, 1991, inner rin…
46 lots, one entrance, and my engineer can plat it as one phase or split it into two of 23. Two phase costs me about $60k more in total because some of the mass grading and the er…
Run a service business, five years in, and I've spent those five years inside other people's renovations without ever owning one. Now there's a 1960s split level near my kids' sch…
Finishing my licensing coursework and the plan is to buy something ugly, live in it for the two years, and sell it myself to skip the listing side of the commission. On a 400k res…
Cosmetic gut on a 1,450 square foot ranch wrapped last week, photos are shot Friday. My agent wants to post it as coming soon for six days before showings start so the first weeke…
Rural county, the whole county has maybe 9,000 people. I got a call back from a letter I sent to a woman who inherited her uncle's place. Three bedroom farmhouse, 1,900 feet, on 4…
Everything I read about probate is houses with 30 years of stuff inside and a dumpster. I do land. So two things. What does a small campaign actually cost per month to run properl…
Two offering memos for roughly the same thing crossed my desk this month, a mid-sized industrial shell in a secondary market, and they put construction risk in completely differen…
Small 2-unit, bank-owned, bought at 148k in a market where similar duplexes were trading around 205k. My plan was 30k of work, refinance, hold it. I've got three small multifamily…
I read closing documents for a living and I've somehow never had to learn the vocabulary on the distressed side, so I'm asking the dumb one. REO gets used constantly and I've seen…
I'm on my third value-add project and every developer I talk to came out of one of two places. Either they built things for a living and moved up into owning them, or they came fr…
Few deals in and I've hit a wall with the agent I've been using. She's excellent in the county she lives in and completely lost twenty minutes north, where the inventory I actuall…
If you expect three or four purchases a year, the buyer-side fee stops being a one-time closing cost and starts looking like a recurring line item. At a 300k average price and 2.4…
I pulled lists in two mid-size metros about 900 and 1,400 miles from me. Both are places I picked because the buyer forums there look busy and price points are under $200k. What I…
Before I fund anything connected to this, I want to understand the model. What I've read says virtual wholesaling needs no money because you assign the contract instead of buying…
A friend asked me to sit in on her listing appointments because she knows I've been poking around the service side of this business. Her house is a 1,600 square foot three bed in…
I'm planning to sell a small rental sometime in the next year or two and I've never sold anything before. Someone at a meetup told me the seller doesn't pay the buyer's agent at a…
I ask the questions I'd be embarrassed to ask out loud, so here's one. I have two contracts I can't move, small fees, maybe $12,000 combined if they close. An operator with someth…