I have 11 doors, buying 4 to 6 a year, mostly small multifamily off market. Two cash, the rest DSCR loans. Until last month I've done all the contract-to-close paperwork myself ou…
I've been asked twice this month if I "do wholesaling" and both times I said no, then spent five minutes explaining that I get paid a flat fee by an owner to find and lock up a pr…
I've got 60-odd properties on my watch list and I'm noticing which ones came with aerial. Trying to decide how much weight to give it when I'm screening from four hours away. The…
I'm mostly on the notes and paper side and understand almost none of this, but a thread here mentioned agents on monthly retainers for marketing and I stalled on it. An agent's in…
My first rental closes in about five weeks, a small three bedroom I found through an agent. Somewhere along the way I ended up on an email list, and now I get two or three message…
A marketplace blast came through at $145,000 with ARV listed at $210,000 and rehab "estimated $45,000." I pulled the county record and the property is under contract at $118,000,…
First rental, closing in three weeks, two bed one bath in a decent part of town. Asking $1,300. A woman who does listing content for a couple of local agents offered me a package…
We run listing content packages for agents. Three people including me, 42 packages last month, $180 each. A package is the long description, six captions, and one vertical reel cu…
I signed with a VA agency in February at $9/hr for 20 hours a week, prepaid the quarter at $2,340 because the discount was 10% and I liked the idea of locking it in. The agency wa…
I'm working on the lending side rather than owning, and I'm trying to think through the ugly case. Borrower stops paying, I end up taking a property back, and the house is full of…
I'm papering the vendor side for a small group that's about to start taking REO clear-out orders. Two crews, they want to sign with a couple of servicers and a regional property m…
Ran this for seven months and shut it down in March. Posting the whole thing because the failure was at step one and I didn't see it until step four. The plan: serve two investors…
Been selling motivated seller leads to six investors in two mid-size metros for about a year. Per-lead pricing was slowly killing me. $45 a lead, roughly 240 leads a month across…
Listing 62 acres this spring. Mixed pasture and timber, county road frontage on one side, a seasonal creek, no utilities run to it. List price I'm working toward is $410k. Taxes o…
Looking at a small provider doing agent marketing, 34 retainer clients, average $740 a month, gross margin around 55% after contractor costs. Median client life is 11 months, whic…
First rental, a $168k three bedroom in a modest inner-ring suburb. At the closing table the settlement statement had the lender's policy on it, which the bank required, and then a…
The paperwork I own as a passive investor isn't the same as an agent's. Subscription docs, entity formation confirmations, insurance certs, lender condition lists that the sponsor…
Purchase price $2.35M, loan $1.65M, 14 unit walk-up in a second tier market. I asked two agencies for a full quote and got numbers far enough apart that I assume I'm comparing dif…
I've got a file shape I want to understand before it's in front of me: buyer is a Delaware LLC, all cash, no institutional lender anywhere in the deal. Because there's no bank wit…
Four rentals I own directly plus a handful of LP positions in syndications where all I get is a K-1 once a year. I'm currently running the rentals in a spreadsheet and it works un…