every post in the forum, newest first
A useful case for anyone carrying paper: a delinquent tax notice reaches the seller two years after closing because the county still has the old mailing address on file. Two years…
Drafting a service agreement for a lead-finding arrangement usually forces an answer to a question that's easy to avoid otherwise. What is actually being sold? Option one is a nar…
Writing this for people at my level, which is the level where you read the deck and think you understand it. Two and a half years ago I put $75k into a 60 unit ground-up apartment…
A flipper I've worked with twice wants to bring his GC into the deal directly on the next three houses. Structure he's proposing is that I fund purchase and rehab, the GC takes a…
Sponsor I've co-invested with twice is recapitalizing a 190 unit garden complex and asked if I'd take the pref piece. My money is usually in land and long holds, so this is new te…
A preferred equity tranche at 12 percent is worth pulling apart carefully, especially for anyone coming from the lending side where subordinate capital usually means mezz: a loan,…
A few deals in on the acquisition side and I've hit a wall where I can find contracts and then sit on them for two weeks. So I've been looking at the other direction, whether I co…
A JV structure for dispo splits comes up often enough to be worth examining closely. The typical setup: a wholesaler contracts the property, a dispo partner brings the buyer, and…
For someone whose own small business books take an afternoon a month, a quoted rate like $350 a month for two rental doors can sound high for what seems like downloading a bank fe…
Setup: I do 6 to 9 flips a year, thin margins, and I was drowning in bookkeeping labor. Last January I built out rules in my accounting software plus an AI categorization tool sit…
Trying to work out the order of operations here and I keep going in a circle. Every dispo person I've messaged has some version of the same reply, which is send me the contract an…
28,000 sf suburban office, three stories, 61% leased, built 1987. Seller was a family LLC that had owned it free and clear since the 90s and had stopped answering the leasing brok…
I've read the deal-by-deal syndication material and I follow it. Sponsor finds a building, raises money for that building, buys it, runs it, sells it, splits the profit. The fund…
I have about 400k sitting in short term paper that I want moved into something secured by the end of the year. Tax liens keep coming back on my list because the return is set by s…
I have a deck from a lien buying operation quoting "up to 18% statutory" for one state, and then I went and pulled the actual results page from a county in that same state and the…
Take a common scenario. An investor asks for a quote on a document package for ongoing use: a purchase addendum, a lease with the state-specific disclosures for the market, and an…
Consider a fund's written buy box: single family, 1,100 to 1,900 square feet, built 1965 or later, purchase at 70 percent of ARV less repair estimate, eight properties a year, wit…
A disciplined way to run reverse wholesaling starts with asking one buyer what they want before looking at a single house. Take a local landlord with maybe 30 rentals. Asked at a…
A useful pattern on early BRRRR deals is treating documents as the load bearing part of the deal rather than the property itself. Take a small two bedroom house bought at $96,000…
I do the work myself, mostly, which is why the numbers on these looked good to me in the first place. Framing, tile, trim, drywall if I have to. I sub out the panel and the HVAC.…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
