Cancelled in month eight. Writing it up because the tuition was the smallest number in the whole thing. The pitch that got me was a "strategy fit" call in week two. I had $41k liq…
Sponsor runs one closed fund at about $14M of committed equity, 96 LPs, and is drafting a second. He wants to hand off all the investor-facing work: quarterly reports, portal upke…
I've been reading two sponsors' updates side by side while I work out what I'd be signing up to owe investors on a first deal. One sends about 300 words every month. Most months a…
I'm finally selling a 1,450 square foot ranch on an infill lot I bought eight years ago for an assemblage that never came together. Vacant, clean, 1968 kitchen, nothing wrong with…
I've been asking managers what they pay for software and getting numbers between $2 a unit and $12 a unit with no explanation of what's in either one. One of them told me the AI l…
Family entity ended up holding a 72-unit garden property attached to a parcel we've been sitting on for years. I know land. I do not know this, and I'm the one reading the agreeme…
One of our owners wants better marketing on a vacant 2 bed we're re-listing and the agent said get a virtual tour. So I asked two vendors. One quoted $145 for a virtual tour, one…
Six weeks into taking paid work. Gear is bought and paid for, about $4,300 all in for a body, two lenses, a flash setup, and a tripod, plus $99 a month for editing software and cl…
I've been running content for my own rehab work since 2022 and for three clients since last spring. Small shop, me plus an editor at $28 an hour. The split I can't resolve is face…
Off market three bed, 1,900 square feet plus a detached garage, owner passed and the family walked away from the contents. Assignment price $146k, my after repair number is around…
A property manager I met through my licensing course said she'd send me turnover cleans if I could also haul out whatever tenants leave behind. I've got a half ton pickup and a 5x…
I keep 9 to 11 files open at once, mostly assignments with a few double closes, and I pay my coordinator $500 a file. She is good. She is also, over the last stretch, doing things…
I'm still waiting on my license number, so I asked around first about whether I could take fee-for-service coordination work without one. Where I am the answer was yes as long as…
Small three bed, estate sale, contents still in it. The heirs are out of state and the listing agent brought me two versions of the same deal. Either the seller delivers it broom-…
I've been sitting in on inspections when friends buy houses because I find them interesting, and one of the inspectors let me buy him lunch and ask questions. I'm writing down wha…
I'm one of the smaller checks in a group that holds a handful of small multifamily buildings, and I've been reading the operating invoices instead of just the distribution notice…
I've been reading vendor proposals for six weeks and I want someone to poke at the arithmetic before I sign anything. Vendor A prices per delivered lead. $75 for what they call a…
Proposal in front of me is $1,800 a month for 25 qualified leads. I asked what qualified means and got back "motivated and open to discussing price." That could describe half the…
I've been planning my first purchase for about two years and I'm now under contract on a 12-unit, 1978 brick, two-story walkup in a stable working class submarket. Rents average $…
Vacant three bedroom I closed on last week, previous occupant left about half a house worth of stuff plus a shed. I got two numbers. The first is a real company. Certificate of in…