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DiscussionDispo / Marketplace Services

Do buyers on my dispo list need to see my assignment fee?

I have been sitting in on a wholesaler's dispo calls for about six weeks and he does it two different ways depending on who he is talking to. With his regular buyers he tells them…

megan_doyle15 Get yours2 replies

LossTransaction Coordination

First TC file, $450 fee, and a $2,500 re-trade over one email I never sent

Small duplex, $186,000, my first financed purchase instead of cash from a partner. I hired a transaction coordinator because everyone said that's how you stop dropping dates. A TC…

aaron_fitz10 Get yoursPRO15Answered24 replies

DiscussionTransaction Coordination

Who pays the $450 TC fee, me or my agent?

Under contract on a 4-unit and my agent mentioned in passing that her transaction coordinator charges $450 and it'll show up on my closing statement. I had assumed a coordinator w…

25Bbrandonlee36PassiveAnswered10 replies

DiscussionGround-Up Residential Development (Spec Home Building)

Buyer wants to sign at framing for 431. I modeled 455 finished. Which risk do you actually want to own?

Two identical lots, same 1,900 square foot plan, budget of 268,000 vertical on each. Carry runs me about 2,900 a month once the loan is drawn up, so five months from framing to cl…

jessreyes12AU1APRO164 replies

DiscussionDispo-Only / Marketplace Model

Fixed number to the list, or let the buyers bid it up over 48 hours

Had a deal last month, small three bed in a working class pocket, contract at 92, comps supporting somewhere in the 150s with real work. I put it out at a fixed 104 and it was gon…

joe_delgado5AP4CPRO42 replies

LossFund Management

Two years into a $50k debt fund slot, I finally learned what a gate is

The redemption notice came back with a line saying quarterly repurchases are limited to 5 percent of NAV and this quarter's requests exceeded that, pro rated. So I got about $2,40…

raj_mehta14CapitalPRO132 replies

DiscussionBird Dogging (As Service)

Retainer for 10 vetted leads a month, or am I inventing a job for myself?

I want income that doesn't turn into a second full-time thing, and this looked like the closest fit on the service side because there's no capital required. The structure I've bee…

priya_n21PO1CAnswered4 replies

From the desk:Bird Dogging (As Service)

The math on paying a retainer for land leads won't sit still

I move slowly and I know it. Two years of looking, no purchase, mostly because the small multifamily I want at the price I want doesn't come to market in my county more than a few…

ehernandez74PO2BPRO7Answered2 replies

DiscussionLuxury Specialist Real Estate Agent

Is there a separate license for selling luxury, or is CLHMS just a course you pay for?

Building out services aimed at agents and I need to understand what credential actually sits behind the phrase "luxury specialist". I've seen CLHMS, Luxury Property Specialist, an…

mikeoconnell7SP2APRO17Answered1 reply

WinLuxury Specialist Real Estate Agent

2.25% list side, 2% to the buyer agent, and how the fee conversation went

Closed last month on a house I'd been carrying too long. 5,400 square feet, built 2006, top decile of a secondary metro, my basis was $2.31M plus about $180k of deferred work I fi…

dpatel_reCS4AAnswered3 replies

LossPublic REITs (Capital Deployment)

Bought a REIT for the 8.9 percent yield, dividend cut in month four

Writing this down because I made the mistake that everyone warns about and I want to be specific about how it actually felt from the inside. I put 26k into a single REIT last year…

ehernandez74PO2BPRO73 replies

DiscussionLease Options (Rent-to-Own)

Fix the purchase price now, or agree to an appraisal at the end?

Still working out which strategy fits me and lease options keep coming back up, so I've been reading drafts people have posted here and the strike price is where they all differ.…

aaron_fitz10 Get yoursPRO158 replies

WinLease Options (Rent-to-Own)

Exercised at month 22 with the appraisal $19k over strike, and the credits nearly didn't count

Closed three weeks ago on the house I'd been in on a lease option since spring of the year before last. Posting the numbers because I got a lot of help in here when I was reading…

35Ttashaford30PB2APRO4Answered3 replies

DiscussionLease Options (Rent-to-Own)

Two contracts on a rent-to-own. Who drafts them?

I put money into other people's deals and read their documents, so I'm coming at this from the paperwork end rather than from operating. A sponsor I look at is starting to offer r…

marcus_hale41CG4AAnswered12 replies

From the desk:Broker Owner

Everyone says get the broker license before the coordination business

I've been putting together a service business doing transaction coordination and compliance file prep, aimed at small brokerages and solo brokers who don't have admin. Talked to e…

mikeoconnell7SP2APRO177 replies

DiscussionBroker Owner

Does a brokerage have any resale value or are you selling a phone list?

First rental is coming so I'm not doing this, but a family friend is winding down a 22-agent brokerage and asked what it's worth. I said I had no idea and went looking. What I fou…

paulgrant17PassivePRO72 replies

DiscussionBird Dogging / Lead Finding

One investor who trusts me, or six who barely know my name

I'm planning my first purchase carefully and scouting is the part I can start on this month without money. What I can't decide is how many buyers to build toward. The one-investor…

8Ttashaford30PB2APRO43 replies

LossListing Content / Social Media

Four months building an agent brand before I had a license, all wasted

Started posting in June while my coursework was still in progress. The plan was to have an audience ready the day my license came through so I wouldn't be starting from zero. What…

19Rryanmck27SC2C3 replies

DiscussionResidential Property Management

What does the software stack cost when you only have 40 doors?

Trying to understand these companies as businesses and I keep running into the software question without a straight number attached. Everything points at AppFolio or Buildium, and…

chriswalton8CC1CPRO15Answered13 replies

LossResidential Property Management

Nobody ever wrote down the turn standard. $11,400 across four units.

Renovation is my side of the business, so I assumed I'd be the last person to get taken on turn costs. Wrong in an instructive way. Setup: I finished a heavy rehab on an 8 unit an…

omar_haddadActivePRO17Answered4 replies

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