Would rather pay a flat $5k than 2.4% of $700k
2.4% on a 700k purchase is 16,800. I don't think anyone does 16,800 worth of work for me on a resale house, and I say that with no disrespect to the job. So I went looking and fou…
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2.4% on a 700k purchase is 16,800. I don't think anyone does 16,800 worth of work for me on a resale house, and I say that with no disrespect to the job. So I went looking and fou…
I own one small rental and I'd rather not add a second job to my week. A friend told me Section 8 units are actually less work than market rate because the rent shows up on its ow…
I've got an option on a 3/2 at a $305,000 strike, 30 months, $7,500 option fee, no rent credit. Comparable resales are landing around $328,000. Rather than exercise and resell, I'…
I've been looking at hold-and-wait plays and this came in from an agent who knows I'm patient: a 1,900 sf brick ranch, four bedrooms, priced about $60k under the comps, described…
I own 9 acres behind one of my small buildings, picked it up years ago with the rest of the site and it's been sitting in grass. Planning tells me up to 4 lots goes through an adm…
Working through a first-time debt fund from a shop that's been doing equity deals for years. Loans are bridge, first position, quoted at SOFR plus 450 to 500 with floors, so call…
I'm starting from nothing here and I want to understand the cost structure of an acquisitions operation before I understand anything else. Everything I read talks about markets an…
Working through some loan summaries and the second position loans keep paying 3 or 4 points more. A second lien on a rehab, 14 percent, 2 points, and the combined loan to value is…
I do renovations, so I read a lot of inspection reports on houses that are about to be torn into. The reports are good. The pricing makes no sense to me. A guy spends three hours…
Working out what the first deal actually costs and I realized I don't understand how I get paid. If I assign my contract for $5,000, does the buyer write me a check when we sign t…
I've got a proposal in front of me from someone who wants to run disposition for a wholesaler I'm partly funding. Terms are $1,500 a month retainer plus 25% of the spread on anyth…
We manage smaller stuff, mostly 40 to 120 unit properties for local owners. A group that just bought a 320-unit asset in our market wants third-party management and their agreemen…
Looking at a 1950s house where the seller has a tenant in a walkout basement with a full kitchen and its own door. County records show a single family, one unit, and zoning for th…
I've got a construction background and I'm working the investing side of a development-vs-buy question that keeps flipping on me depending on which line I touch. Site in a seconda…
Reading through a private lender fund's sample note and mortgage before I commit as an LP. The note has a 15 day grace period, then a written notice of default, then a 30 day cure…
Running one 16-foot box truck, two-man crew, mostly REO trash-outs off one servicer plus overflow turnover cleans from two property managers. Current month looks like this. 22 hau…
Construction side here, so I'm used to reading plans and not county records. I've been told the pre-foreclosure list is really just the notice of default filings, but a guy at a m…
Looking at a small rental as a first purchase and I want the whole cash number before I go further. I've got the down payment and closing costs sketched out but the agent fee is c…
I own a service business, and a couple of the people I work for have rentals near a state university, so I've started looking at the sector myself. An agent sent me a rent roll fo…
Working through the management agreement on a 44-unit AL, $9.8M ask, 88 census, blended rate around $4,850, T12 revenue $2.24M and EBITDAR just under $780k after a 5 percent base…