Structure I'm running on a two-bedroom: guest pays a $135 cleaning fee, my cleaner invoices me $95, I keep the $40 as coordination on top of 18% of accommodation revenue. All of t…
Two bed two bath, 1,050 square feet, lake town, $312k, closing early next month. My plan was long-term rental and I'd have been happy with it. Then I read the HOA rental rules pro…
House is under contract at $332,000, buyer's lender ordered the appraisal, it came back $314,000. Two of the three comps the appraiser used are older houses with original kitchens…
Reviewing a small pool of seasoned second liens, 22 loans, unpaid balances 18k to 96k, weighted average coupon 9.4, seasoning 14 to 31 months. Seller wants 88 of UPB. Collateral d…
Finished and buried this one, so here are the numbers. I built a course on taking raw parcels through rezoning and preliminary plat in secondary markets. 14 modules, real submitta…
Nearly signed for a seat and then realized I hadn't thought about the clock at all. The agency offers either overlap with my business day, which for their side is overnight, or th…
I've been buying and holding raw land on my own and a couple of people I know keep asking me to look at parcels for them. Rather than doing it for free I'm thinking about getting…
Structure was a 2,500 monthly retainer, creditable against commission at closing, non-refundable if nothing closed. Twelve month term, which I talked down to four. He pitched it a…
Writing private notes on residential, first position, small balances, mostly $80k to $250k. My loan documents currently say I select the settlement agent. I've had two borrowers p…
I'm close enough to being licensed that I'm working out where the phone calls come from, and every person I ask gives me the opposite answer with total confidence. Agent referrals…
I've been putting together a shortlist of people who could help me sanity check a small market I've been watching for about a year. I emailed four, heard back from two. The first…
Sitting on an engagement where I built the operating model for a 180-unit value-add, and the sponsor now wants my firm's name on the model tab and a one-page memo that goes into t…
I hold raw land, long. Four parcels bought across about three years, all in one LLC, nothing built, nothing rented. Carrying costs are small and boring: property taxes, occasional…
Trying to figure out what people pay for this. I asked in a chat and got answers from 500 to 15,000 for what sounded like the same thing, which tells me either the market is wild…
22 units, three spreadsheets, and four years of Gmail. I'm moving to a real CRM this month because I've got two properties under contract and my system is a filter labeled "units.…
Six weeks of paying someone per address and the invoice math came out worse than if I had done nothing at all. Setup. I hold a small portfolio and started running leads on the sid…
Agent sent me his buyer agreement to sign before he'll show me anything. Six month term, exclusive, covers all residential purchases in two counties. I asked whether he'd do a ver…
I'm still on the list-building side, no purchase yet. I decided to interview managers in the two submarkets I was choosing between, before I bought, because I kept reading that ma…
Been looking at property management as the thing I actually do rather than buying anything, and I've gotten three different answers about licensing. One person told me you need a…
I've been pricing out what a one-person contract-to-close setup costs before I quote anyone. What I've found so far: a dedicated transaction management platform, e-signature, some…