Flat 6,500 on 40 acres, 1,700 of it out of my own pocket, happily
Closed on 40 acres of mostly wooded ground with road frontage, 240k, in a county two hours from where I live. Compensation structure: flat 6,500 to my broker, agreed in writing be…
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Closed on 40 acres of mostly wooded ground with road frontage, 240k, in a county two hours from where I live. Compensation structure: flat 6,500 to my broker, agreed in writing be…
I lent 50k as a second position note into a BRRRR on a small single family, 12 percent, interest only, 12 month term, repaid from the refinance. Monthly interest arrived on time e…
Getting my license and doing a lot of reading on the side, and BRRRR keeps coming up as the thing people do when they don't have much money. But every worked example I find starts…
Working through this and I think I might be worrying about the wrong number. Deal I'm modeling: 110k purchase, 50k rehab, 160k all in. ARV 205k, refi at 75% gives 153k, so 7k stay…
Three previous BRRRRs left me with capital stuck in all three. This one didn't, and the difference was almost entirely that I underwrote the after repair value low on purpose and…
Something I've been chewing on while building my buyer list, and I'd rather argue it out here than guess. Two schools I keep running into. One says decide the exit up front. You w…
I do most of my work on the due diligence side and I was tired of competing on listings with people who move faster than I want to. So last spring I did the opposite of shopping.…
Three deals in, and the ceiling I keep hitting is how many I can run at once. So I've been looking at a live-in flip as a way to get one project working for me on a different cloc…
I've been reading disclosure forms for about four months now, mostly because I'm looking at raw land and there are maybe six agents in the two counties I care about. A couple of t…
Still pre-first-deal on my own account, but I've been the finder in a four-person group for six months and this one actually closed, so here's the shape of it. I got a tired landl…
I've got a house under contract at $198k and my contract has language barring assignment without the seller's written consent, which I did not clock when I signed. I don't have a…
Something odd came up when I was walking a place last week. The listing agent asked me what my plans were, and I said I'd be living in it and fixing it up over a couple of years.…
I have a buyer who flips maybe eight houses a year and he agreed to a call on Thursday. The plan is to ask what he buys, write it down, and go look for it. Standard reverse order…
Two buildings I've read files on recently, and the people advising each one were confident in opposite directions. The office case: 1960s three story, roughly 12,000 sf floor plat…
24 agents, 18 of them closed at least one side in the last 12 months. Trailing numbers: 118 closings, average GCI per side $8,900, so roughly $1.05M gross company dollar 22%, call…
Running the numbers on what a brokerage needs to clear before the owner takes anything, and it looks like the answer is headcount, not skill. Say fixed overhead of 12k a month, so…
9,000 sf, two story, was a furniture showroom until about 2016 and has been half empty since. Upstairs converts reasonably cleanly to six one bedrooms. The ground floor is the arg…
I've been reading through two phase one exit plans from developers in the same metro, similar lot sizes, and they've made opposite decisions on the same question. I'm still on the…
I priced out three ways to get notice-of-default leads in the two counties I can drive and the spread is bigger than I expected. Paid platform with daily pulls: about 129 a month,…
Deal in front of me. Operator buys a duplex at 210k with his own bridge, my 90k funds the rehab, and I'm repaid from the cash-out refinance at an agreed return. He's projecting af…