every post in the forum, newest first
Here is a costing exercise worth stress testing. A small title agency is pricing what the residential real estate reporting rule actually costs per file ahead of the March 1, 2026…
For someone who has underwritten other people's flip requests for a while and is finally looking at doing one personally, the calculus changes once it's their own capital on the l…
Take an investor who sold a small commercial building after a long hold, with a gain after depreciation recapture in the neighborhood of $94k, and no prior experience with opportu…
A common pattern, laid out factually, because it repeats. A new bird dog gets introduced to a flipper through a local meetup. The flipper says he pays 1,000 on any lead of his tha…
I'm looking at my first rent-to-own on the buyer side and the two drafts I've been shown handle the option fee completely differently. In one, the $6,500 goes to the owner at sign…
An operator in my market is winding down after three years and wants to hand me his four short-term rentals. I've been researching this for six months without doing anything, and…
I've been looking for somewhere to put capital and instead an owner I know offered me the operating side. Two cabins, both his, and he wants out of the day to day. 15% of revenue.…
This is the worst project I've done and I want to write it down properly while I still remember the sequence. Background: I hold land and I don't usually renovate anything. I pick…
A useful case study for anyone working the substantial improvement test in a designated tract. Take a corner building, retail on the ground floor, two apartments above, purchased…
Renovated 3/2, 1,450 square feet, in a first ring suburb of a mid size market. All in at 205k including holding. Listed at 269k, best offer 265k from a buyer who has been denied t…
Take a $320k house with a buyer bringing 10% down, producing a $288k note, with the seller planning to sell the note after roughly twelve months of payments rather than hold it lo…
A case worth studying, because the sequencing mistake is the common one. Take a buyer under option on 27 acres, $5,000 option fee applied to purchase, 90 days to decide. The plan…
NOD recorded in a non-judicial state, auction 27 days out when the owner signed with me. Payoff came back at 187,400 including 14,200 of arrears and trustee fees. I agreed to 241k…
Take an LP position in a 216 unit, 2015 vintage asset in a submarket absorbing a lot of new supply, managed by the sponsor's own affiliate under a disclosed arrangement, 3% of gro…
A common budgeting bind in multifamily right now: an owner's budget calls for 3% NOI growth next year while treating a large insurance renewal increase, say 24% over expiring, as…
Here is a situation an end buyer walks into more often than people admit, and it is worth working through from the buyer's side. Eleven days out from closing on a small brick ranc…
I've had two closers use "simultaneous close" and "dry close" to mean different things and I want to nail the definition before I structure anything. Closer one told me simultaneo…
Consider an investor holding a position in a public non-traded REIT for several years. The sponsor files a change in the independent valuation advisor engaged to review the monthl…
I started scouting to meet the people I eventually want to place money with, and I kept records the whole way because I wasn't sure the activity paid for itself. Seven months late…
I have no closed deals, six months of driving neighborhoods and pulling lists. Two local groups will take me. The first one is four people and they want me on acquisitions only. I…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
