I've spent most of my investing life on land and long holds, so nightly rentals are new ground for me and I'm asking as a beginner here. Two things landed on my list in the same m…
Reading through a purchase agreement I marked up last week and the inspection period language is where the whole cost question lives. On land the killers are title, not condition.…
I do the construction reporting for a sponsor's LP letters. Photos, budget against contract, schedule slippage, that section of the update. Up to now I write it, he pastes it in,…
Take a 1,100 sf three bed in a tired but stable suburb, rented at 1,650, where a rehab finishes at 39,400 against a 38,000 budget. Most guidance says to expect 20 percent over, so…
Take a county that keeps a list of certificates nobody bid on at the sale. In many states those can be bought over the counter at the statutory rate with no bidding down, which ma…
Take a small multifamily operator underwriting a house conversion to six rooms. Gross at 850 per room is 5,100 a month. Utilities all-in at 480, internet 90, cleaning of common ar…
Reading the ordinance before running any numbers is the right order, and a useful case is a 4 bed 1.5 bath house, free and clear, about eleven blocks from a state university with…
A purchase agreement with an assignment problem worth working through as a scenario. Setup: estate is the seller, PR signed, contract has a standard assignment clause allowing the…
The chapter says the established practice is leading with empathy and positioning yourself as a resource, and I keep bouncing off that sentence. I'm mostly land and long holds so…
Consider a solo real estate photographer, five years in, who mostly shoots photo plus a short vertical video and turns down eleven jobs in a busy month for lack of a second body.…
Consider a photographer approached by an agent offering two listings a month with a 24 hour turnaround. Before saying yes, it is worth pricing out what running that commitment act…
Buyer list build, seven months of data, and I'm at the point where the next dollar has to go somewhere specific. Spend: $1,150 a month all in. That's $650 to a part-time editor at…
Take a small real estate content shop being evaluated as a bolt-on acquisition: 18 retainer clients, blended 1,400 a month, 302k trailing revenue, 95k owner draw, two contract edi…
I've got the renovation side clear in my head. What I don't have clear is the first ninety days, when you own a house that doesn't produce anything and needs 40k of work. The opti…
Cosmetic flip, 1,650 square feet, three bed two bath in a decent school zone. All in at $268k, listed at $339k. My agent's photographer wanted $310 for a standard photo set. She t…
A common question among people who own a drone for personal use: if an agent asks for an aerial shot of a listing's roofline and lot lines, and no payment changes hands, does the…
Before bringing a wraparound mortgage idea to a seller, it helps to price out the closing side in full. Say a 300k sale, a 240k underlying loan around 4 percent, and a wrap note i…
Take a small management shop with a client who sold a 6-unit on a wraparound mortgage and asked the manager to also handle the payment side, alongside continuing to manage the pro…
A useful case: a 44 acre parcel, agricultural zoning, two miles from a substation with visible capacity headroom and a rail spur on the far boundary. Held eight years at a basis t…
A seasonal RV park in a mountain market two hours from a metro is a useful case for how badly a broker's pro forma can diverge from trailing revenue. If two years of monthly data…