I've built the model four times and I keep getting a different answer because I don't know what the honest placeholders are. 40 lots. Raw land $1.1M. Engineer's opinion of probabl…
Planning my first purchase and I'm looking at small-town properties in the $85,000 to $110,000 range. If I buy at $95,000, put $25,000 in and it's worth $150,000 after, my gain is…
Mostly reading about notes so this is adjacent to my lane, but I'm looking at buying one small rental to understand the asset side, and I've hit something confusing. Everything I…
Reading a single-asset offering in a designated tract. Sponsor's model holds for eleven years and exits at a 5.75% cap. The two arms length trades I can find in that tract cleared…
Trying to work out the real number before I decide anything. Everyone says wholesaling is the no-money strategy but you still have to put something down with the seller, right? An…
Duplex, bought at 140k, put 62k in. My comps supported 265k. Appraisal came back at 243k. At 75% that's 182k versus the 198k I underwrote, so 16k stays in the deal. I've got the a…
First rental coming and I've been reading everything, which means I've read about forty articles saying the NAR settlement was going to end the 6% commission. Then I looked at wha…
Three deals in and I've hit a wall on the REO side. Every bank-owned listing that hits the MLS in my two target zips is going to highest and best within about 72 hours, and the wi…
Reading the language on the exclusion and it says two of the last five years, which reads to me as cumulative rather than continuous. But every article I find writes it as "live t…
Two investors in my market are offering me different structures and I want to think about this properly before I pick. Investor A: $500 flat, paid only when they close. No cap on…
Development sponsors look like the most underserved client type I can find for the service business I'm putting together, mostly because their needs are lumpy and specialized. Bef…
Coming from renovation work where I can point at a wall I built, this model confuses me. I've been reading about wholesalers who only do dispo, and as far as I can tell they don't…
The paperwork nobody reads is where this turned up. A buyer who takes roughly two houses a month wants me sourcing only for them in three zips, in exchange for first look on every…
I've had three separate conversations now where a builder tells me the finished lot has to come in at 20 to 25 percent of the retail house price, like it's a law of physics. So a…
Getting my license, still figuring out what I'll do with it. Two REO-specific things I can't get a straight answer on from anyone local. One, when a bank lists a repossessed house…
Still working out where I fit in this industry, and I keep landing back on buyer representation because the work sounds like something I'd be decent at. Then I read the outlook he…
A few deals in and I've always just let the commission happen without looking at it. Now that it's a negotiated number in my agreement I want to understand what I'm actually payin…
Deal I'm modeling as a career changer, so tell me where I'm wrong. Tax card says 1,450 square feet. Tape says roughly 1,900, because at some point somebody finished a rear additio…
Trying to get a real number in my head before I stop researching and start doing something. What I think I understand: assignment costs you basically nothing, double close costs y…
Small portfolio, mostly rentals, and I've been adding certificates as a side sleeve. At a dozen positions in one county I can hold the whole thing in my head. I want to go to some…