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DiscussionWraparound Mortgages (Wraps)

Wrapping to owner-occupants at three a year, where does the originator licensing line sit

Working through a structure before I commit to it. Underlying is a 30-year fixed at 3.75 with about 312k left and roughly 26 years to run, payment 1,640 plus escrow. Plan is to se…

23Rryanmck27SC2CAnswered1 reply

WinReverse Wholesaling

My first assignment came out of a one-page form I made the buyer fill in

I don't like doing anything without paper, so before I looked at a single house I sat down with a buyer who owns maybe fourteen rentals in older working class blocks and made him…

27Ddmitri_v6CapitalPRO78 replies

WinMortgage REITs (mREITs)

Sending dividends to a separate account stopped me checking the price daily

I wanted income that didn't come with a phone call at 9pm about a water heater, so in the spring I put $18,000 across two mortgage REITs, one agency name and one more diversified.…

priya_n21PO1C1 reply

From the desk:Transaction Coordination

Missed an inspection deadline by one day. Do I hire a TC or just build a better checklist?

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…

29Bbrandonlee36Passive17 replies

DiscussionTransaction Coordination

The software a solo coordinator actually pays for every month

I've been pricing out what a one-person contract-to-close setup costs before I quote anyone. What I've found so far: a dedicated transaction management platform, e-signature, some…

derekj19SB1B1 reply

DiscussionVirtual Wholesaling

I'm running one purchase agreement across three states and it's starting to worry me

I run documents rather than properties, and my current setup is a single purchase and sale agreement with an assignability clause, used in Ohio, North Carolina and Oklahoma, plus…

9Ddmitri_v6CapitalPRO77 replies

From the desk:Virtual Wholesaling

Under contract on a 4-unit 500 miles away and I have never seen the building

Text campaign turned up an owner of a small 4-unit in a market I've never been to. Two units occupied, two vacant, he says the vacants need paint and one needs a tub surround. He…

9Rrenee_dubois Get yoursAnswered5 replies

DiscussionBird Dogging / Lead Finding

Would an investor take a lead from someone who isn't in real estate at all?

I don't invest and I'm not sure I want to. But I'm out in neighborhoods constantly for work and I notice the same things over and over, houses with two years of mail in the box, b…

derekj19SB1BAnswered4 replies

From the desk:Bird Dogging / Lead Finding

I keep a notebook of vacant houses from my job sites. No idea what to actually do with it

Different question from my other thread, more basic. Before I had any agreement with anybody, I'd been writing down addresses in a notebook for about a year and a half because fra…

gregpowell66AG4BPRO12Answered17 replies

LossTax Lien / Tax Deed Investing

Won the deed at $22,400. The occupant was still there eight months later.

Deed state, live sale, single family house, 1,340 square feet, 1958, in a neighborhood where similar houses were closing in the $95,000 to $110,000 range. Opening bid was the tax…

aliyah_bAU2APRO98 replies

DiscussionWholesaling (As Service)

What do you actually call someone you pay to go find you houses?

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…

monica_tran3SF4CPRO110 replies

DiscussionLuxury Specialist Real Estate Agent

Is the luxury niche defensible because of the networks or because those buyers don't care what rates do

The Redfin work showing buyer-agent commissions at the luxury level ticking slightly lower after the settlement, while fees on cheaper homes held or went up, is the part I can't s…

raj_mehta14CapitalPRO13Answered2 replies

From the desk:Public REITs (Capital Deployment)

400k of construction payout, draft REIT weights I can't defend

A job payout cleared and 400k of it is sitting in a money market while I argue with my own spreadsheet. I want liquid real estate exposure instead of another ground-up project, so…

gregpowell66AG4BPRO12Answered14 replies

DiscussionPublic REITs (Capital Deployment)

How much of the REIT-to-private cap rate gap survives once you actually adjust the numerator?

Working through a supplemental for a mid-cap industrial name and the headline story (REITs implying 6.3% against private appraisals around 5.1%) keeps shrinking as I strip things…

wendy_park48CapitalPRO15Answered4 replies

DiscussionListing Content (Agent / Broker Marketing)

Why would an agent pay a monthly fee when listings come in lumps?

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…

raj_mehta14CapitalPRO131 reply

LossMicro-Wholesaler Networks

Four months as somebody's end buyer, nothing bought, $2,325 gone

I want one boring rental and I thought paying for access to a network's deal flow would shortcut the search. Paid $1,500 for a six month buyer seat in a group of about a dozen sma…

tylerbrooks9PassivePRO44 replies

DiscussionDrone Videography

When a listing has drone footage, am I learning anything or just watching a commercial?

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…

devon_pierce Get yoursPRO147 replies

DiscussionDispo / Marketplace Services

The deal emailed to me has a $27k assignment fee baked in

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,…

priya_n21PO1C2 replies

From the desk:Dispo / Marketplace Services

Got an email about a house from someone calling themselves a dispo manager, first rental

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…

paulgrant17PassivePRO71 reply

DiscussionBird Dogging / Lead Finding

Investor offered me ride-alongs instead of a fee for my first few leads. Is that a deal or a discount?

Two weeks in and I've got a conversation going with a buyer who does maybe fifteen houses a year. He said something I can't work out. For my first three leads, no finder's fee, bu…

megan_doyle15 Get yours7 replies

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