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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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DiscussionReverse Wholesaling

What does "secure the buyer first" actually mean in practice?

Most of my work sits on the capital side, so I read about reverse wholesaling from the other direction and I'm confused about the first step. Everyone says get the buyer first. Bu…

chriswalton8CC1CPRO15Answered8 replies

From the desk:Reverse Wholesaling

Eleven investor calls produced three buy boxes and one exclusivity ask I don't like

Five weeks of calling instead of pulling lists. I pulled cash deeds from the county recorder going back 18 months, flagged anyone who bought twice, got 41 names, reached 11 humans…

jordan_ellis2ActivePRO9Answered2 replies

From the desk:Cold Calling / SMS Lead Generation

Calling out-of-state owners of 10 to 40 acre parcels, contact rate is under 2 percent

Six weeks into calling owners of unimproved rural parcels, mostly 10 to 40 acres, mostly held by people who live somewhere else. This is my own list, pulled from county records in…

diane_kowalskiPassivePRO14Answered5 replies

DiscussionCold Calling / SMS Lead Generation

If the company I hire calls a number on the do not call list, is that my problem?

Trying to work out how much of this sits on me. I read on a forum that hiring a vendor doesn't move the liability off the investor because the calls are made for my benefit. Then…

ehernandez74PO2BPRO7Answered10 replies

LossDouble Close Wholesaling

Underwrote a 35k spread, took home 9,800, and knew about every dollar lost

Underwriting is what I do all day, which makes this one embarrassing. A-B at 224k, B-C at 259k, same day double close, cash on both ends. I put 35k in the spread column and built…

dpatel_reCS4A1 reply

DiscussionSelf-Directed IRA (Real Estate)

How do you take a required distribution when the IRA owns a house?

A friend pointed me toward holding a small rental inside a Roth vs a traditional IRA and I got stuck on the far end of it. If the account has to start paying me out at some point,…

18Kkevin_lombardPG1BPRO17Answered3 replies

From the desk:Self-Directed IRA (Real Estate)

The all cash version keeps winning. What am I missing?

I've been running a side by side for a small rental inside a Roth, all cash versus non-recourse, and the all cash column keeps winning by more than I expected. I want someone to p…

dpatel_reCS4AAnswered5 replies

DiscussionSubject-To Financing

Deed into a land trust, straight into the LLC, or into your own name?

I've been reading titling patterns on sub-to acquisitions and I don't think the room agrees on this at all. The land trust argument: the deed transfers to a trust, the seller is o…

karen_whitfieldPG4APRO72 replies

LossVirtual Assistant Agency

Handed draw tracking to a VA. Lost $6,200 to a lien I never saw.

Three property rehab, running about $310k of combined budget, and I moved draw tracking and lien waiver collection to a VA in month two because I was drowning. The process I gave…

omar_haddadActivePRO170 replies

DiscussionVirtual Assistant Agency

One agency quoted a "dedicated seat" at $1,500 a month, the next one said $10/hr pooled. What am I actually buying?

I've got two wholesale campaigns running and I'm drowning in follow-up, so I called two VA shops. First one wants $1,500 a month flat for a "dedicated seat, full time, 40 hours".…

carlos_nunezActiveAnswered2 replies

DiscussionReal Estate Photography / Video / 3D

Brokerage MSA wants work made for hire on every shoot plus net 60

A 40 agent brokerage sent me their standard photographer agreement. Volume would be 30 to 45 shoots a month at $200 flat, interiors plus exteriors, drone extra. The paperwork is w…

35Ddmitri_v6CapitalPRO7Answered8 replies

WinReal Estate Photography / Video / 3D

$640 for drone and boundary overlays, closed 19 days later

I ask the dumb questions here so I'll narrate this the same way. I had never sold visual media to anyone before this and I priced it by guessing. The property was 68 acres of mixe…

jessreyes12AU1APRO16Answered5 replies

WinPre-Foreclosure Outreach

Forty letters, three calls, one house I now rent for 1,695

I wanted income without a second job, so pre-foreclosure was the last thing I expected to end up doing. What changed my mind was realizing I only needed one. For anyone new, a not…

priya_n21PO1CAnswered11 replies

DiscussionPre-Foreclosure Outreach

Does the equity math still work with foreclosure starts up 20 percent, or is the discount getting bid away?

I'm taking my time on this first purchase and trying to think a year out rather than about one house. The reported first-quarter numbers have foreclosure starts up 20 percent year…

35Ttashaford30PB2APRO4Answered3 replies

DiscussionBird Dogging / Lead Finding

Renovation guy trying to figure out if my job site eyes are worth anything

I run renovation scope for other people. Every week I drive past three or four houses that are obviously in trouble. Tarp roof, mail piled up, a dumpster that's been full since fo…

omar_haddadActivePRO17Answered4 replies

From the desk:Bird Dogging / Lead Finding

The guy who does yard work wants $400 up front per lead

A guy who does yard work in a neighborhood I like emailed me offering what he calls off-market leads. His terms: $400 per lead, paid before he tells me the address, and he says he…

marcus_hale41CG4AAnswered1 reply

WinMultifamily Property Management

Swapped managers on a 168-unit and NOI moved 11% with no rent increase

Closed on this one 14 months ago as an LP with a co-invest seat, so I got to watch the whole thing. 168 units, 1980s garden product in a second-ring suburb, average in-place rent…

dpatel_reCS4A8 replies

From the desk:CRM Setup / Systems Consulting

Somebody wants $1,200 to fix a system that has never bought anything

I've been at this about 14 months without buying anything, which I've made peace with. What I have is a spreadsheet of 40 rural parcels I like, 10 to 40 acres each, asking prices…

ehernandez74PO2BPRO77 replies

DiscussionCRM Setup / Systems Consulting

Does a systems consultant need a real estate license to set up my CRM?

I'm hiring someone to build out lead intake and follow-up for the acquisitions side. He's not licensed, he told me that up front, and his sequences include texts and emails that g…

dpatel_reCS4A3 replies

WinReal Estate Debt Funds

Read the last four quarterly reports before I put 10k in, and that was the education

I've been circling the investing side of this industry for about a year without a clear idea of where I'd fit, and the amount of money I have available is small enough that most d…

13NnataliehsuSO1BPRO10Answered18 replies

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