All 132 real estate strategies.Every room answered.
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live deals, numbers on the table
Mid-project decision I have to make in about three weeks. 112 acres, rezoned last year, preliminary plat approved for 296 lots at an average of 62 foot fronts. The site drains two…
Under contract on 22.4 acres at $410k, 90 day due diligence, $15k goes hard at day 30. Front 6 acres are zoned for two-unit residential, the back 16 are agricultural with a split…
Bought a brick fourplex in a designated tract in March. Purchase was 265k. My accountant allocated 78k to land and 187k to the building, which means the improvement number I have…
Reading the buyer agreement my agent sent before I've toured anything. Two things I can't parse. First, there's a paragraph titled protection period. It says if the agreement expi…
I mail land and small acreage, so this was a side experiment. I pulled the notices of default from two rural counties for the last 90 days, filtered to anything with more than 5 a…
Two years and one month in the house. Bought at $268k, roughly $74k of work, basis call it $350k with closing costs. Comps are $470k. Married filing jointly, so the gain sits well…
I frame houses for a living, so I'm on residential streets five days a week and I see the vacant ones before the mail carrier does. Started passing addresses to three local invest…
Been doing rehab work for years so my phone is full of people who buy houses that need work. Actual buyers, people who have paid me to swing hammers on their projects. A wholesale…
I've been doing tile and some light plumbing for a guy who flips maybe six houses a year in my area. Last week on a walkthrough he said, half joking, if you find me another one li…
One of my management clients owns a small apartment portfolio and also, it turns out, 40 acres she inherited outside a growing exurb about 45 minutes from a metro. She's 78, doesn…
Two written proposals in front of me for the same search. Agent A: 2.4% of purchase price. On my target range that's about 11,040. Full service, she's been doing this eleven years…
Contract with the seller at 214k, resale to my end buyer at 252k. I built the whole thing as a double close because the spread is 38k and I did not want that number sitting on an…
Bought this one at a sale three years ago. Certificate was $2,410 on a small frame house on a third of an acre, statutory rate 12%. Paid subs every year since, $1,190, $1,240 and…
Property is a 6,200 sq ft 1994 build on a golf course lot in the top submarket here. Listed 2.65M, been sitting 140 days, seller is an estate. My offer thinking is 2.35M, maybe 2.…
Title commitment came back Friday on an 18 acre parcel I have under contract at 42,000. Builder buyer has verbally agreed to 68,000 and wants four lots off the road frontage. Two…
Passed the broker exam in the spring, mostly because I was tired of paying a split on my own deals and I wanted the option. Now I'm sitting on it and the math isn't as obvious as…
Halfway into a 5,400 sq ft luxury reno I'm managing as a partner rather than as the GC, and the millwork package just blew up. Architect's allowance was 95k for kitchen, butler's…
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…
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…
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…