I'm planning a first purchase and someone in another thread suggested paying a consultant to look over the market I'm circling before I commit. When I emailed two of them, one quo…
I've got a small portfolio of rentals and I've learned the hard way to keep reserves, so committing money for five years makes me itch. The deal I'm reading says target hold of fi…
Working a house where the numbers are: $412k balance at 3.125%, PITI $2,190, market rent $2,450, seller wants $45k for her equity and would carry $30k of it, value around $520k. E…
One of my two shooters passed the Part 107 knowledge test and is now telling me the business also has to register something before we can bill for aerials. I thought the certifica…
I want income without picking up a second job, and virtual wholesaling got recommended to me because there's no property to manage and no tenants. The pitch I heard was a $97 a mo…
I'm looking at a 4-bed house that the current owner rents to four separate people. He described it as per-room, but the paperwork he showed me is a single lease with all four name…
Running about 1,100 dials a week on a stacked list, pre-foreclosure plus 50 percent-plus equity plus 10-year tenure. Contact rate is fine, roughly 8 percent. The problem is that o…
I've done a handful of assignments in the $6k to $12k range and I keep running into the same ceiling: my buyers are all small landlords and flippers with maybe $300k of cash each.…
Small unattended surface lot, about 25 spaces, everything paid at a kiosk, no staff on site except a cleaner twice a week. The county clerk told me a commercial parking facility n…
Been working toward doing acquisitions work for other people and got as far as a real conversation with an out of state buyer. He asked two things I wasn't ready for: do I carry E…
Someone in a local group said the $3.2M house on the corner is "a pocket listing" and someone else corrected them and said no, it's an office exclusive, and then a third person sa…
I've been running cleaning crews for five years, mostly for landlords who pay me off an invoice and never ask about paperwork. Started filling out a vendor application to get REO…
I keep poking holes in strategies and this is the one that survives every objection I throw at it. Buy as an owner occupant, live there the required year, convert to rental, repea…
I look at debt more than equity, so when I see the valuation gap argument I want to know whether it reaches the paper side. The names I follow hold agency MBS and some whole loans…
I read the ATTOM number about typical gross returns falling to around 25 percent, lowest since 2008, and my first reaction was that 25 percent sounds enormous. My savings account…
Working through a deal that looks great on the yield line and worse the longer I sit with it. 34,000 sf, built 1978, 18 foot clear, one dock door and one drive-in, town of about 6…
Construction background, so the spotting part is easy for me, I can read a house from the street. Now I've got 60 addresses on my phone and I'm stuck. I tried Zillow and it shows…
I've mostly been reading about notes and paper, so the direct-to-seller side is new to me and I'm probably asking this clumsily. When people talk about a data platform with 200 st…
Looking at 38 acres about 25 minutes past the last subdivision on the highway. Ask is $4,100 an acre, so roughly $156k. The listing says it carries an agricultural valuation and t…
11 units, bought with rents at 950 across the board, market supports 1,150 and I've turned 7 of them at that number over the last stretch. Four are still on legacy leases that rol…