If you only ever plan to do this twice, is it still BRRRR?
Somebody asked me this at a meetup and I gave a bad answer, so I'm putting it here. The letters are buy, rehab, rent, refinance, repeat. The last R is the engine. You pull your mo…
All 132 real estate strategies.Every room answered.
Start with a RE category
Next, pick a strategy
Then pick the type of post
every post in the passive rooms
Somebody asked me this at a meetup and I gave a bad answer, so I'm putting it here. The letters are buy, rehab, rent, refinance, repeat. The last R is the engine. You pull your mo…
Got the plan set back from the designer for a 700 square foot cottage behind the main house and the electrical page has a note that says "owner to confirm metering approach prior…
For about three years I've been doing conversion work on small licensed homes, trades side, which means I've seen the inside of a lot of these deals without owning one. Now an ope…
This is the fourth house I've turned around and the first one where I'm hesitating, so I'd rather ask plainly than pretend I've got it figured out. Bought at 152,000. Put 53,000 i…
I've been holding land and I'm looking at putting some of it into an actual rented house, so I'm building the comparison from scratch and I don't trust my own conclusion yet. Deal…
I've spent most of my time on land and zoning, so the operating side of a storage facility is new territory. A vendor sent me a quote for a management platform that was priced per…
Been reading through an offering on a flex condo project, the larger owned units with power and water aimed at people who want more than a standard storage unit. Boat and RV owner…
Working out what my first deal actually costs, and furniture is the line I keep rewriting. Quotes I have, buying mid range from a warehouse store and assembling myself: bed frame,…
My first rental is residential and closing soon, so I've spent months on screening tenants for houses. A 1,400 sf end bay in a small strip near me is for sale and the seller's lea…
Wrote this up because six months ago I couldn't have explained subject-to out loud. What it means: the seller's mortgage stays in her name, the deed comes to me, and I make the pa…
Been talking to a seller about a house on a double lot (the lot is honestly the part I want). His agent told me the seller would "wrap" his loan to me, then in the next sentence c…
Trying to understand the rent side before I understand anything else. My understanding is that there's a published number per bedroom count for an area and the housing authority w…
I do documents before I do properties, so when a family member asked me to paper the lease on a voucher tenancy for a small single family he owns, I treated it as a drafting exerc…
I've got a 120-space lot on the edge of a downtown core, bought two years ago mostly for what it can become. There's a rezoning process running that could let a mid-rise happen on…
Closed last month on a small facility I bought in 2017 as a diversification off the land holdings. 190 units, about 21,000 rentable square feet, half-hour outside a mid-sized metr…
I lend rather than own, and this was the first farm loan I did on my own paper instead of through a fund. It closed and it paid off, so numbers. Borrower was an operator with 640…
A developer sent a neighbor of a parcel I'm watching an option agreement for a solar lease, something like $35 an acre a year for the option period and then a lot more if they bui…
I got handed two sets of documents to read as practice, both age-restricted rental communities of roughly the same size. The first one is pure active adult. Nobody comes into the…
Two rentals sold as a package, both small, both tired but functional. 465k. Buyer put 10% down, 46,500. I carried 418,500 interest only at 7.25%, 2,528 a month, balloon at month 2…
I move slowly on everything, and I've been circling this sector for about a year without doing anything. What's stopping me is the timing question, and I'd like to see how the roo…