I've been reading through an annual report for an agency focused mortgage REIT and got stuck on a page most summaries skip. The repurchase agreement table shows the borrowings by…
I model income property all day for other people and I've somehow never owned any of it. Now I'm looking at an 8-unit for myself and the utility structure has me stuck. Building i…
Closed on a 6-unit in April, gain is about $340k after depreciation recapture is carved out separately (my CPA is handling the split, I'm only placing the capital gain portion). T…
My aunt's estate has a house going to sale and I'm the one handling the paperwork, so the cleanout invoice landed on me. It's $7,900 for a 1,600 square foot ranch with a basement.…
I've been putting $50k a year into LP positions for three years and this is the first time two offerings landed on my desk in the same month with structures I can't compare. Deal…
I manage 60 something doors for about 20 owners. One of the owners also wholesales, and last week he asked if I'd forward his contracts to my other owners when he gets one under c…
I move houses fast, that's the whole business, and this one hasn't moved. 3 bed 1.5 bath, all-in at $186,000, listed at $214,000, 70 days, price cut once. Two showings last week a…
This is the first thing I've ever sold and I don't know what staging actually is beyond furniture appearing in photos. The property is a 1970s three bed ranch, about 1,450 square…
Looking at buying a performing seller-financed note secured by a 6 unit walkup in a mid-size rust belt city. $340k unpaid balance, 8%, 20 year amortization with 14 years left, pay…
I own land and a couple of long-hold parcels and I've never touched a student deal, but one of the parcels I've been sitting on for nine years is about a mile from a university th…
I run a finish trades business, five years in now, mostly high-end interiors, and I've never structured anything like this. Sponsor is doing a 4.6M target flip, big renovation, a…
Flat $4,200 per buildout. I did 14 of them last year. I finally tracked hours honestly on the last five and the average was 31, not the 20 I priced against, which puts me around $…
Bought a 16-unit two-story in a secondary market 18 months ago at 1.45M. Bridge of 1.1M, interest only, SOFR plus 350, 24 month term with one 6 month extension at 50bps and a 1.20…
Career changing into this and I've got no construction background at all, so please assume I know nothing. There's a listing near me, 1,100 sq ft, 95k, description says "down to t…
I want monthly income and I don't want to become a landlord in my own city. Virtual wholesaling came up because it looked like the version where I don't fix toilets. What I have:…
Got handed a deck for a small fund, $14m target, buying tax certificates in three bid-down states and bidding at deed sales in two others. Terms are a 9% preferred, 2% management…
Buyer came in on a 3/2 in a stable working class pocket, nothing special about the house, I've owned it free and clear for years. He wants a 30 year amortization with a 5 year bal…
First furnished unit, 2 bed near a research park, and I got as far as a vendor packet from a relocation management company. I'd quoted $2,550 all inclusive. Their standard rate ca…
I've got 62k earmarked for a roof and two unit turns on a small multifamily building, and the work is 18 months out because the tenants in place have leases running that long. It'…
Second call with an agent who says she works with investors. Ten minutes in she asked what my buy box is and I said something about "good deals in decent areas" and heard myself s…