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every post in the service rooms
Closing out the first full year with three carpenters on payroll instead of me and a helper, and the thing that made it survivable was signing two investors to reserved-hours agre…
A friend syndicated a small apartment deal, 22 LPs, and asked me to handle the investor emails for $600 a month. I said yes over coffee. Nothing in writing about what I was and wa…
I priced a three-format package off a spreadsheet last fall and ran it for a quarter before I looked at the actuals properly. Posting the numbers because the failure is boring and…
I've got four rentals and I'd stopped pretending my books were real. Everything ran through one business checking account, deals in progress mixed with rentals, and every March wa…
$240,000 purchase, and the settlement statement has about $6,300 of items on my side that I don't know what to do with. Loan origination $2,400. Title and settlement fees $1,150.…
Until March I could tell you what we spent and how many leads came in and nothing in between. The agency reported cost per lead by channel, monthly, and I signed off on it for thr…
I run nine short-term units for six owners, all listed on Airbnb only, no Vrbo, no direct booking site. Everything runs off the app plus a shared calendar, a cleaner group chat, a…
Numbers as they stand. I drive roughly 20 hours a month and pull a list of pre-foreclosure and long-vacant records, about 300 records filtered down to 40 submissions. I send the s…
A younger cousin is about to start finding houses for a local flipper and sent me the agreement to look at, since reading paperwork is the thing I do. It's one page, which is the…
Studying for the producer exam and closing protection letters keep coming up in a way I don't fully follow. I understand the owner's policy insures the buyer's title. I understand…
Every one of the small flippers whose deals I underwrite hands me the staging number in a different place. One puts it in the rehab budget as a line item next to appliances. One p…
Trying to size up the service side before I put money anywhere near it. I've seen a provider quoting $150 per property marketing package and another quoting $1,200 a month for wha…
Flip closes rehab in about ten days. 1960s three bed ranch, decent street, ARV I'm underwriting at $340k. My agent includes basic photos in her commission, twenty pictures from a…
I've got a pickup, a trailer I can borrow, and two people who will work weekends with me. What I don't have is a decision about which kind of work to go after first, and every wee…
I read the contract before I signed it, which apparently makes me unusual. Section 4 of a bulk property data agreement I was about to sign says the licensee may use the data inter…
Cosmetic flip, 1,340 square foot ranch, built 1961. I walked it twice, wrote a scope, and waived the inspection to win against two other offers. I frame, I tile, I've torn out mor…
I'm looking at backing a two-person brokerage that wants to move most of its volume to investor loans, and I can't get the revenue model straight in my head. On the conventional s…
Duplex rehab, my usual thing. 265k purchase, 85k of scope (roof, both kitchens, one full electrical rerun), ARV I'm underwriting at 430k and my agent thinks 440k on a good day. Si…
I co-host nine cabins inside a six mile stretch of the same lake town, all on 18 to 20 percent of revenue. Each one has its own base price in PriceLabs, all of them run a 2 night…
This is a land guy's mistake made in a service business, so I'll own the shape of it. Five units, one owner, all within a fifteen minute loop. Fee was 15 percent of collected nigh…