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DiscussionTax Lien (Capital Scale)

Sole remedy for an invalid sale is a refund without interest. That reprices the county.

Pulled the terms of sale for a county I've been buying in and read the paragraph everybody scrolls past. If the sale is later set aside, or the certificate is voided for a defect…

wendy_park48CapitalPRO151 reply

LossBroker Owner

Built a recruiting engine for equity. 31 hires, 9 productive agents, no company.

I took the job because I wanted to learn the business from inside and I had no production of my own to protect. Comp was $2,400 a month plus 3% of the company vesting over four ye…

bmoreno23AB1B8 replies

WinVirtual Wholesaling

As the end buyer, the settlement statement showed a $9,000 fee I'd priced in

Been planning my first purchase for a long time and it ended up coming from a wholesaler two states away from the house, which is not how I pictured it. The property was a 1960s 3…

24Ttashaford30PB2APRO44 replies

DiscussionLarge Multifamily / Apartments (20+ Units)

Is 25k enough to get into an apartment deal at all

I've got about 25,000 set aside and I've been looking at 20 to 80 unit apartment properties because the guide says the scale carries professional management, which sounds better t…

megan_doyle15 Get yours4 replies

WinLarge Multifamily / Apartments (20+ Units)

Why my 176 unit deal got through its refi with no capital call

I put $50k into this in early 2023, my first passive position of any size, and I picked it mostly because the sponsor answered questions in a way that didn't make me feel stupid.…

aaron_fitz10 Get yoursPRO156 replies

DiscussionParking Lots / Garages

Price the parking income or the dirt, and what if they disagree?

Looking at two deals in the same mid-size downtown and they've forced a question I can't resolve cleanly. Deal A: 180-space surface lot, two blocks from a hospital campus. Trailin…

11Sstephen_ok9CO2CPRO4Answered4 replies

DiscussionReal Estate Crowdfunding (Investor)

Do I need a license or any insurance for this, or is that all on the sponsor?

I'm saving toward a first purchase and thinking about putting a smaller slice into a crowdfunded deal in the meantime. My agent asked whether I'd need to be licensed to invest tha…

31Llaurenkim53PassiveAnswered2 replies

LossReal Estate Crowdfunding (Investor)

I thought I could get my $5,000 out in a quarter. Twenty months later I took $4,290

I am building a list of small rentals and figured I would put a little money on a crowdfunding platform in the meantime, mostly to see how these things work from the inside. $5,00…

devon_pierce Get yoursPRO14Answered15 replies

DiscussionLive-In-Then-Rent

Buy the house I want to live in, or the house that rents best?

I'm one saved-up down payment away from starting this, and the first real fork is what kind of house to buy. Everything I've read says the whole point is that I get owner-occupant…

ehernandez74PO2BPRO70 replies

WinDrone Videography

The aerial package outsold the broker's flyer on 31 acres

Transitional ag parcel, 31 acres, edge of a growing suburb where the sewer line stops about 900 feet short of the north property boundary. I've been sitting on it since a 1031 lan…

carlos_nunezActive30 replies

DiscussionDrone Videography

Flying my own drone over my own gut job, apparently that needs a Part 107

Mid renovation on a 1920s two story, roof came off the back addition, and I've been flying a $700 drone over it twice a week so I have a record of the framing and the flashing det…

omar_haddadActivePRO1711 replies

From the desk:Hotels / Short-Term Lodging (Passive Hold)

The RevPAR index test in the license is the clause I can't price

$340k of a $4.1M equity raise, LP units, no control, no consent rights beyond the usual major-decision list. The documents came in three pieces: a franchise license agreement, a m…

37Ddmitri_v6CapitalPRO7Answered18 replies

DiscussionHotels / Short-Term Lodging (Passive Hold)

Do I need a different insurance policy for a small hotel than for my fourplexes?

I own two small multifamily buildings and my agent handles both on landlord policies. A 19-room motel two towns over came up at a price that doesn't seem crazy and I asked the sam…

18Rrenee_dubois Get yoursAnswered3 replies

WinMedical Office Buildings

The estoppel almost killed my first medical building in week five

Been planning this for two years and reading everything twice, so here's what actually happened. 3,400 sf single tenant medical building, built 2004, in a town of about 28,000 wit…

16Ttashaford30PB2APRO4Answered6 replies

DiscussionMedical Office Buildings

The TI reserve eats the whole spread on a $4.1m clinic

18,000 sf, three tenants, 88% occupied, asking $4.1m. In place NOI as delivered is about $290k, so 7.1% going in, and the debt quote I have puts me around a 1.35 coverage on year…

10Hhannah_west29 Get yours0 replies

From the desk:Self-Directed IRA (Capital Deployment)

Custodian is asking me to sign a direction letter that lists me as manager of the borrowing entity

I moved 178k of traditional IRA money to a custodian last spring, planning to run it as a note book. First two loans went out clean, 11 percent, 12 month terms, both to a small bu…

38Bbrandonlee36PassiveAnswered18 replies

DiscussionSelf-Directed IRA (Capital Deployment)

How small can an IRA get before notes and debt funds stop making sense?

I've got an old 401k worth somewhere in the mid forties that I could roll into a self-directed account. What I want is income showing up without me acquiring a second job, so the…

priya_n21PO1CAnswered8 replies

DiscussionWholesaling (As Service)

The agreement says he can show "my" deal to other buyers if I don't answer in 24 hours

I'm mostly reading about notes so property paper is new to me, but a friend forwarded a sourcing agreement to see if I could follow it and one clause stopped me. It says the sourc…

raj_mehta14CapitalPRO136 replies

DiscussionDrone Videography

The seller paid $600 for aerials that a drone and a cert might have covered

Buying an 18 acre parcel and the seller's marketing had a drone video plus about a dozen aerials, and the listing agent mentioned the seller paid $600 for it. The video is genuine…

aliyah_bAU2APRO91 reply

LossDrone Videography

Let a drone roof scan stand in for an inspection. $9,400.

Small mixed-use building, two retail bays downstairs and four apartments up, in a secondary market. I was the money on this one with a local operating partner. My whole job is und…

dpatel_reCS4A16 replies

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