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Discussionsomeone asked, the room worked it out From the desk:live deals, numbers on the table Wins & lossesit finished, here is how it went Pollsone click, then see the split Storiesthe tenant, the seller, the sideways closing All

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LossLand Banking (Buy and Hold)

2.5 acres bought online in a subdivision where the road was never built, out $9,100 over three years

I bought this in my second month of looking, which tells you most of what you need to know. 2.5 acres, listed on a land marketplace at $7,900, closed at $8,900 with fees and the d…

38Kkevin_lombardPG1BPRO1717 replies

DiscussionShort-Term Rentals / Airbnb

Is a short-term rental permit the same thing as a business license?

Reading a town's website and it lists a short-term rental registration, a transient occupancy tax account, and a general business license as three separate items with three separa…

26Ddmitri_v6CapitalPRO7Answered1 reply

WinShort-Term Rentals / Airbnb

Year one netted $25.7k, and my own pricing floor cost about $7k of that

Bought a 3/2 ranch about a mile from a regional hospital campus in a mid-size market, $265k, 20% down, $22k to furnish it properly. All in cash at $83k including closing. Year one…

samantha_ruizAU4APRO5Answered7 replies

DiscussionFix and Flip (Full Gut)

Does my landlord policy cover a house that's down to the studs?

I'm about to close on my first rental but my brother in law wants me to look at a shell his neighbor is selling, and it's a proper gut. No kitchen, no furnace, back wall opened up…

paulgrant17PassivePRO7Answered1 reply

LossFix and Flip (Full Gut)

A permit sat 111 days and took my profit from 41k to 6k

This one's finished and closed, so I can give the whole number. 1,380 sq ft bungalow, bought at 118 with hard money. Scope was a real gut: full rewire, all new supply and waste, H…

36Rryanmck27SC2C0 replies

DiscussionBird Dogging / Lead Finding

Is a bird dog just a wholesaler who hasn't figured out contracts yet?

I'm mostly a long-hold land person so this isn't my usual lane, but I've had two people this month describe themselves to me as bird dogs and they clearly meant different things.…

karen_whitfieldPG4APRO7Answered8 replies

From the desk:Bird Dogging / Lead Finding

Three owners I manage for want out. Where does a referral fee stop being one?

I manage 140 units across 22 owners. In the last two months three of those owners have said some version of "I'm getting too old for this" to me on the phone. One is a 6 unit buil…

tonyv88SO4CPRO6Answered7 replies

From the desk:Medium Multifamily (5-20 Units)

A 6-unit I'd own or an LP slot in a 180-unit. I keep flipping.

I have about 240k I want to put into multifamily and two live options in front of me. I'm on the capital side by temperament, meaning I'd rather read documents than fix toilets, b…

23Sstephen_ok9CO2CPRO43 replies

DiscussionLuxury Wholesaling

Earnest money or funding at the closing table: which side of a luxury assignment would you rather put money into?

Two operators have approached me in the last month and they want opposite things. The first wants deposit money. He's got sellers who won't take a 5k good faith check on a 1.9M ho…

15Sstephen_ok9CO2CPRO41 reply

DiscussionWholesaling (As Service)

Whose name goes on the purchase contract when you're sourcing for a client

Running two shapes side by side this year and I can't get a clean answer on which one I should standardize. Shape A: I sign the purchase agreement with the seller in my own name o…

35Ttashaford30PB2APRO412 replies

DiscussionVirtual Wholesaling

Start in the state I live in or start in the best market I can find? I've argued myself both ways for a month

I've got two markets shortlisted 700 and 1,100 miles away, decent price spreads, plenty of listed cash sales. I also live in a metro where houses are expensive, competition is hea…

luis_carrera Get yours8 replies

DiscussionHome Staging

Staging agreement says 60 day minimum then month to month, what am I signing up for

An agent sent me a stager's agreement to look at for a house a family member is selling, and I ended up reading the whole thing twice because the fee structure is stranger than I…

20Ddmitri_v6CapitalPRO7Answered5 replies

From the desk:Home Staging

staging quote is 3,600 against a 315k target. i keep moving the line.

Closing on my first flip in three weeks and staging is the one number in my sheet I keep changing every time I open it. House is 1,580 sq ft, three bed two bath, in a subdivision…

aliyah_bAU2APRO9Answered14 replies

DiscussionPre-Foreclosure Outreach

Mail every new filing or filter for equity before you spend the first stamp

Two counties, roughly 310 new default filings a month between them. I pulled the last 90 days to see what a real campaign would cost me. Five touches at about 1.10 a piece is 5.50…

32Bbrandonlee36Passive7 replies

DiscussionBird Dogging / Lead Finding

Is bird dogging actually a strategy or is it just what people do while they wait

I've been trying to work out which lane fits me and bird dogging keeps coming up as the answer for people with no money. Fine, I have no money. But every description I read frames…

aaron_fitz10 Get yoursPRO15Answered4 replies

From the desk:Bird Dogging / Lead Finding

My whole operation is eleven addresses written on a receipt

Over about three weeks of driving the same four streets on my way home I've written down 11 houses. Tarps, waist-high grass, mail visibly stacked in one door, a code enforcement n…

jessreyes12AU1APRO16Answered9 replies

DiscussionAgricultural Land / Farmland

The 2024 negative year on the farmland index: noise, or the start of something

I've been going back through the NCREIF farmland numbers because a fund deck I got handed leaned hard on the recovery story and skipped past what happened before it. The facts as…

megan_doyle15 Get yours3 replies

DiscussionCorporate / Furnished Housing

Who holds title to the furniture when the money is somebody else's

I am looking at a small joint venture on four furnished units, roughly $38,000 of furniture and housewares across the four, against about $1.1 million of real property. The operat…

chriswalton8CC1CPRO157 replies

DiscussionProbate Real Estate Investing

Attorney relationships versus mail volume, which one actually carries a probate pipeline at scale

I've got 90 days into this and no deals, so take my framing as a beginner's framing, but I've now heard two experienced people in this room describe completely opposite machines a…

megan_doyle15 Get yoursAnswered20 replies

DiscussionProbate Real Estate Investing

Do probate attorneys ever actually send sellers to investors, or is that a myth people repeat

Everything I read about probate says build attorney relationships, they'll feed you deals. Nobody explains what that looks like from the attorney's side. Why would a lawyer whose…

derekj19SB1BAnswered10 replies

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