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DiscussionLand Development / Subdivisions

Two land deals, opposite bets. Which is the beginner version?

I own small multifamily and I've never done a land deal, so I'm going to define the words as I understand them and someone can correct me. Entitlement means getting the government…

29Rrenee_dubois Get yours1 reply

From the desk:Land Subdivide and Sell

His note covers all 60 acres when I want to sell lots one at a time

Notes and paper have had me confused for a few months now, so of course the first live thing in front of me is a note problem. 60 acres, seller wants $240,000, which is $4,000 an…

raj_mehta14CapitalPRO13Answered18 replies

DiscussionLand Subdivide and Sell

The county makes me pave at lot six, which ends the 14 lot version

Contract out at $280,000 on 80 acres, so $3,500 an acre. Zoning is 5 acre minimum. After a road corridor and one unbuildable low area I get 14 lots. Comps on finished 5 acre lots…

24Bbrandonlee36PassiveAnswered2 replies

WinLuxury Flips

Paid off at month 16, and I'm the only one in the deal who made money

I've been saving toward a first purchase and I got impatient with 4 percent, so a year and a half ago I put 225k into the second lien position on a luxury flip instead. It paid of…

32Ttashaford30PB2APRO416 replies

From the desk:Mobile Home Parks / Manufactured Housing

The park leaks 5,000 gallons a lot per month and the seller wants to carry

I'm five months into learning this and somehow I'm the one with a signed LOI, so please tell me where I'm wrong. 60-lot park, 54 occupied, all tenant-owned homes except one the pr…

megan_doyle15 Get yoursAnswered8 replies

DiscussionMobile Home Parks / Manufactured Housing

Manager quoted 6% of collections with a $2,500 monthly floor on 60 lots

Been calling around about who actually manages these things for owners, partly because I'm curious whether there's a service business hiding in here. A regional firm quoted me 6%…

derekj19SB1BAnswered13 replies

From the desk:Note Buying (Non-Performing)

$28k asked on a $71k balance, in a town with no comps I can find

I've been circling notes for about a year without buying anything, which is normal for me. A small seller sent me a one-off: balance $71,400, borrower hasn't paid since March 2024…

ehernandez74PO2BPRO7Answered6 replies

DiscussionNote Buying (Non-Performing)

The notes column just says "collateral file incomplete." Incomplete how?

A seller sent me a one-loan tape. First lien, UPB 88k, borrower 26 months down, asking 31k, BPO 104k. The notes column just says "collateral file incomplete, missing intervening a…

paulgrant17PassivePRO7Answered6 replies

From the desk:Education / Coaching

Two cohorts of eight, three refunds. Which lever do I pull?

Eight weeks, $1,900, cap of eight seats, aimed at people buying $50k to $90k houses in towns under 5,000 people. I've run it twice. Gross across both cohorts was $30,400. Three re…

10Llaurenkim53PassiveAnswered10 replies

DiscussionEducation / Coaching

If AI answers the beginner questions, what's left to charge for?

I research land and holding patterns, and I've started testing what a general AI model actually gets right about my area. I asked it to walk me through a lot split, what a percola…

diane_kowalskiPassivePRO14Answered6 replies

LossMortgage REITs (mREITs)

Sold two rural rentals for a 9.3 percent mREIT. Gave back 7.5k in 22 months.

I sold two low price point single families in a small market, cleared about $60,000, and I did not want to be a landlord again for a while. I put $59,947 into one commercial mortg…

9Llaurenkim53Passive13 replies

From the desk:Hotels (Capital Deployment)

Handed a 62-key hotel to price, and every comp I pulled is useless

I'm still finishing my licensing hours and the broker I'm shadowing gave me a broker opinion of value to draft on a 62-key hotel in a secondary market, mostly as an exercise. I sa…

21Rryanmck27SC2C3 replies

From the desk:Live-In Flip

Spring market is here at month 19 and the tax rule wants five more

House is a 1,900 sq ft two story I bought 19 months ago for $312k with about $8k in closing costs. I've put $68k into it, receipts kept, mostly kitchen, two baths, windows, and a…

priya_n21PO1CAnswered10 replies

DiscussionLive-In Flip

Can I get a normal mortgage on a house that needs a gut kitchen?

Planning my first purchase and a live-in flip looks like the version I can actually stand. Where I keep getting stuck is the loan. The houses I like have no kitchen or a bathroom…

23Ttashaford30PB2APRO4Answered2 replies

From the desk:Listing Content (Agent / Broker Marketing)

Nine agents pay me per listing, so where does a monthly number break

Right now I do flyers, a social set, and a listing description rewrite for individual agents. $180 a listing, no contract, they text me when they get one. Nine agents use me at le…

monica_tran3SF4CPRO117 replies

DiscussionListing Content (Agent / Broker Marketing)

is making marketing materials for agents a licensed activity

Construction background, so I'm used to permits and licenses for everything. A couple of agents I've worked with have asked if I'd shoot photos and put together their listing flye…

gregpowell66AG4BPRO128 replies

DiscussionHouse Hacking

Trying to understand the risk from the lender's chair, not the buyer's

I spend most of my time thinking about who's on the other side of these loans, and house hacking looks like the one owner-occupied product where the borrower's ability to pay depe…

sonia_alvarez Get yoursPRO64 replies

WinHouse Hacking

Thirteen months in my own unit and the sewer line took the whole reserve

Bought a 1960s triplex in a first ring suburb for $520k with FHA at 3.5 percent down, so $18,200 down and about $12,000 in closing costs and prepaids. PITI with the mortgage insur…

samantha_ruizAU4APRO55 replies

DiscussionSelf-Directed IRA (Real Estate)

Own the house in the IRA, or hold paper in it instead

I've spent so long weighing options that I'm now weighing the wrapper instead of the deal, which is its own problem. Two versions I can actually execute. One, the IRA buys a modes…

luis_carrera Get yours1 reply

DiscussionReverse Wholesaling

Who should be posting the earnest money on a reverse wholesale

Two operators told me two opposite things this month and I can't decide which one is right. The first funds every deposit himself, usually small, and says it keeps the file clean.…

raj_mehta14CapitalPRO132 replies

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