I already own the land. Does that ruin the whole thing?
I've got 3.2 acres on the edge of a small town, bought in 2019 for $61k, no debt on it. The tract it sits in was designated as an opportunity zone back in 2018 and as far as I can…
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I've got 3.2 acres on the edge of a small town, bought in 2019 for $61k, no debt on it. The tract it sits in was designated as an opportunity zone back in 2018 and as far as I can…
Renovation is my side of the business, so the tax structure part of this is where I get lost. What I read somewhere was that in an opportunity zone you have to spend more than you…
28 unit new build in a designated tract, opened partly leased in early 2024. I quoted the management contract off the operator's pro forma, which had stabilization at month six, 1…
A guy who's been a customer of mine for years came into my shop convinced he could buy houses at the tax sale for a few thousand dollars. He'd read that liens sell for the amount…
I priced a renovation on a house listed just under $3M and the owner's broker sent over insurance requirements I've never seen on a job before. Builder's risk at full replacement…
I've been doing this about five months, which is to say I've been reading. An operator I met through my agent is putting together a 4,900 sq ft dated luxury reno and offered me a…
35 day diligence window on a 19,000 square foot older retail and service building, two bays, one former dry cleaner space from the 80s that everybody in the chain of title seems t…
Working out what my first purchase costs in a way that survives contact with a house I can't get into. I've been running 15 percent of ARV as a repair contingency on anything I ha…
I'm writing this as somebody who did the entire buildout of a business that never took a client. The plan was a small independent shop, eight to ten agents, in a suburban market w…
I do fast stuff normally. Buy, fix in ninety days, sell, thin margin, do it again. Two years ago I got tired of paying tax on all of it and bought a house to live in instead. 1,32…
Documents and structure are more my thing than swinging a hammer, so I want to understand the money before I look at a single house. What's the realistic minimum to start a live-i…
Four agents have sent me an investment summary in the past year. Every one of them had the same three problems. Vacancy at 5%, which is a number people type rather than a number t…
The finding I can't stop turning over: after the new rules, buyer-agent commission percentages on high-end homes drifted slightly lower while the more affordable end held or went…
Got offered a junior buyer-side slot on a team that works the top end of my metro. I've been licensed four months so I know I'm the least experienced person in any room I walk int…
I spent a weekend trying to verify a 60-name buyer list a dispo operator sent me as part of his pitch for capital, and the exercise mostly taught me how weak the standard evidence…
I've spent so long in analysis mode that I've started analyzing the software instead of the houses, which I recognize is worse. The subscription apps do address logging, owner loo…
Every time I look at buying, I end up stuck on the same question, and the pull toward it keeps coming even with a small crew to run on the service side. There are three doors into…
This is the question I would have kept to myself in a room full of people, so here it is. Everything I read about auctions says you buy as-is, sight unseen, no inspection. Fine. B…
Ran into this twice in the last month and I still don't have a settled position. Setup: my name goes on the purchase contract, I found the seller, my partner is bringing the buyer…
I've now been through two brokerages' buyer representation forms, line by line, and there's language in both that deserves a plain reading. Three things I want stated plainly rath…