I do the paperwork for a family LLC that owns a nine unit brick walk-up in an inner-ring suburb, and last spring I redlined the management agreement myself. One of my changes was…
Running two shapes side by side this year and I can't get a clean answer on which one I should standardize. Shape A: I sign the purchase agreement with the seller in my own name o…
Closing on my first flip in three weeks and staging is the one number in my sheet I keep changing every time I open it. House is 1,580 sq ft, three bed two bath, in a subdivision…
An agent sent me a stager's agreement to look at for a house a family member is selling, and I ended up reading the whole thing twice because the fee structure is stranger than I…
Six weeks into calling owners of unimproved rural parcels, mostly 10 to 40 acres, mostly held by people who live somewhere else. This is my own list, pulled from county records in…
Trying to work out how much of this sits on me. I read on a forum that hiring a vendor doesn't move the liability off the investor because the calls are made for my benefit. Then…
I've got two wholesale campaigns running and I'm drowning in follow-up, so I called two VA shops. First one wants $1,500 a month flat for a "dedicated seat, full time, 40 hours".…
Three property rehab, running about $310k of combined budget, and I moved draw tracking and lien waiver collection to a VA in month two because I was drowning. The process I gave…
I ask the dumb questions here so I'll narrate this the same way. I had never sold visual media to anyone before this and I priced it by guessing. The property was 68 acres of mixe…
A 40 agent brokerage sent me their standard photographer agreement. Volume would be 30 to 45 shoots a month at $200 flat, interiors plus exteriors, drone extra. The paperwork is w…
Closed on this one 14 months ago as an LP with a co-invest seat, so I got to watch the whole thing. 168 units, 1980s garden product in a second-ring suburb, average in-place rent…
I'm hiring someone to build out lead intake and follow-up for the acquisitions side. He's not licensed, he told me that up front, and his sequences include texts and emails that g…
I've been at this about 14 months without buying anything, which I've made peace with. What I have is a spreadsheet of 40 rural parcels I like, 10 to 40 acres each, asking prices…
Under contract on a small mixed use building, first purchase over $500k for me. Title commitment came back with fourteen exceptions on Schedule B and I understood maybe nine of th…
Eleven units, two states, and I've been running leases off a template pack I paid $199 for. A drafting tool now spits out addenda that read better than what I was writing myself,…
I run the property management side of a small operation and agents keep telling me I should add coordination as a service line. Before I sell it to anyone I want to understand wha…
I've been building the lender list for months rather than doing deals, which is its own problem, and I finally have to pick a lane. The plan is six projects a year, average loan a…
I'm partway through the 20-hour SAFE course and an AE at a fix-and-flip lender told me to stop, that since all their loans are business purpose to entities I don't need an MLO lic…
Trying to get the terms straight before I underwrite anything for a client. Say I put a house under contract at 150, assign it to my buyer at 165, and I also have a sourcing agree…
I've been getting emails from someone who says he finds houses for out of town buyers. He sent me one this week. $150,000 house, he says it rents for $1,450, and his fee is $8,000…