Triplex under contract at 585k, small city, all three units occupied, 2 bed each, rents 1,150 / 1,150 / 1,275. My fourth deal and the first one where the report actually scared me…
Something an inspector said to me stuck. He said a meaningful slice of his work now is second inspections on houses that already failed once, either because the first buyer walked…
First rental closes in five weeks, a 1970s three bed in a decent school zone. I've spent more time on screening than on the purchase and I've written criteria I'm happy with: inco…
A wholesaler I follow said the whole CRM thing is oversold and he ran his first two years off a spreadsheet with a reminder column. Then in the next post he said hiring someone to…
The first rental is still four months out and I've been filling the wait by working a small pre-foreclosure and code-violation list in one township, partly to learn the market I'm…
My scope keeps eating my margin on the renovation work, and now I'm looking at whether feeding leads to other buyers is worth my evenings. What I can't find is a straight number f…
Six months, $800 a month, one email a week to my buyer list. 2,340 names, mostly people who inquired on listings over the last four years plus a chunk from a local investor meetup…
Heavy rehab, 1920s four square split into three units, all-in budget $1.1 million with $780,000 of it eventually drawn. Bridge loan through a broker at 65 percent of total cost, r…
Managing other people's rentals means I hear the same sentence constantly. Some version of "I'm done, I don't want to do this anymore." I've been hearing it for years and doing no…
Last spring I decided I was going to stop analyzing and start building, and the thing I built was the system instead of the pipeline. Found a consultant who does investor setups,…
Looking at buying into a small aerial operation as something I own without running day to day, and the revenue mix is where I keep stalling out. What I was shown for last year, si…
Been driving the same four neighborhoods since October, mostly older ranch stock built in the fifties. My list is 212 addresses with photos, and I've pulled owner names off the co…
I'm trying to figure out how to do this without getting in trouble. Everything I've read says bird dogging needs no license because you never own the property or negotiate. Then a…
I've had coffee with two crew owners in the last month and they run the same size outfit with opposite answers, so I want to see how the room splits. The first one pays $28 an hou…
Small rural sponsor, 31 LP entities, five properties in towns under 8,000 people. Their entire investor communication was one letter mailed every January. I offered to run the rep…
Trying to work out what the overhead looks like before I go anywhere near this as a business. Right now I'd be one van, myself, and two guys, doing interior rehab work for investo…
Two flippers I've done mechanical work for both asked me to take whole rehabs this year instead of just my scope. Between them that's maybe 11 houses, average scope $70k to $95k,…
Before I pay anyone per lead I want to know what the inputs cost, mostly so I can tell whether a $28 per lead quote has any margin in it or whether the shop is losing money and wi…
Trying to work out what my first deal actually costs, and I figured the cheapest way to find sellers was to call them myself. So here's what that came to. List: 2,400 absentee own…
An agent I talked to said she pays about $400 a month to a marketing person who does her listing presentations and her social posts. I don't know what a listing presentation is be…