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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…
I do roofing and gutters, mostly repair work, so I'm on ladders looking at houses all day. Two months ago I bid a roof on a 1950s ranch, three layers of shingles, decking gone sof…
I've been driving a three-county area and pulling code violation notices off the county site, maybe 30 to 40 names a month that look worth a call. Two investors are interested. In…
Last year I started assigning contracts remotely, mostly to feed acquisition cash into the small rental portfolio I hold. Eleven months in, two states, neither of them where I liv…
Every video about virtual wholesaling says you need boots on the ground. Nobody says what that person is, whether they're an employee, whether they get a cut, or what stops them f…
A few deals in. What's happening is I bring things to buyers and they say close but no, and I burn my due diligence period finding out. My notes on each buyer say things like "SFH…
I have a buyer lined up before I have a property, which was the whole point, and I've been drafting the paper in advance so I'm not doing it under time pressure. Buyer is a small…
I'm buying a single family rental for $118,000 and the person who brought it to me lives about 900 miles away. He's never been inside. His numbers came with photos from a contract…
I've framed and hung board for twelve years, so the one thing I thought I'd never have to outsource is looking at a house. Turns out the market where my calls are actually landing…
The option got signed Tuesday and it has two purchase prices in it, which is the part I'm still slightly amazed the seller went for. Setup. I sold my share of a small service busi…
I read documents for a living so I'm coming at this backwards. I understand what a purchase agreement is. What I don't understand is the middle part of driving for dollars. Someon…
Been riding along on driving routes with an investor friend since summer, mostly to work out where I fit. He wants contracts. I kept noticing that most of the addresses he throws…
I do renovations. Someone told me the natural next step from gut jobs is a small ground-up commercial shell, a 6,000 square foot retail building on a pad, because it's the simples…
First and last time I played transactional lender without checking the far end of the chain. Deal came to me from a wholesaler I'd done nothing with before, referred by someone I…
I'm doing thin-margin stuff and trying not to add cost, but a guy at a meetup told me driving for dollars is fine but the second you sign a contract and assign it you need a real…
Started with zero budget and a used sedan. Nine Saturday mornings, two to three hours each, three adjacent zips I picked because the housing stock is all 1950s to 1970s and the ow…
I've got a list of about forty addresses I'm interested in for my own land reasons, and a neighbor keeps telling me I should be handing the house-shaped ones to a buyer he knows.…
Six sales a year, average around $340k. Listing side runs me about 2.5%, call it $8,500 a sale, $51k a year going out the door. That's a full renovation budget on one of my smalle…
The thing that finally paid me, after six months of research and no deals, was a contract I never closed. The target: houses built between 1988 and 1999, over 5,000 square feet, s…
A wholesaler I know from a land deal sent me a single family contract last week and asked if I could find the buyer. He sent 22 photos, a walkthrough video, and his repair number.…