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LossData Centers (Passive Hold)

Bought a 1.5 MW colo as a passive hold and inherited an operating business

Sold this in the spring at $3.35m against a $4.2m basis, 26 months in, and the loss on paper understates it because of what it did to my team's time. The asset: single story purpo…

angela_burkeServicePRO1212 replies

DiscussionBird Dogging (As Service)

If a lead desk has any defensibility, is it in the data stack or in the people who tell you things first

I've been costing out what it would take to fund a small lead operation properly, and I keep landing on a question I can't resolve from the outside. The data version: a list subsc…

ehernandez74PO2BPRO710 replies

DiscussionListing Content / Social Media

Content as a per listing line item, or overhead you never attribute?

I've been trying to build a model for content spend and I keep producing two models that disagree with each other, so I'll put both up rather than pick. Model one treats content a…

luis_carrera Get yours5 replies

DiscussionOpportunity Zone Fund Investing

Put a gain in now, or sit on the tax and wait for the 2027 zone map?

Opportunity funds have been my reading material for a few weeks and I've hit a fork I can't resolve, so I want to see how the room splits. Setup for anyone else new: opportunity z…

13Kkevin_lombardPG1BPRO173 replies

DiscussionMultifamily Development

Is a fixed price contract worth what the GC charges for it

Got two proposals on a 24 unit wood frame build. One is a stipulated sum, one is cost plus with a guaranteed maximum price. The stipulated sum came in about 6 percent higher on th…

gregpowell66AG4BPRO127 replies

Story

Sat in on a call where the private lender priced the wholesaler, not the house

I'm trying to understand how private capital actually moves, so a guy who lends short term let me listen to an intake call. Borrower was a flipper buying an assignment, needed to…

chriswalton8CC1CPRO152 replies

DiscussionHouse Hacking

Every breakdown stops at closing costs, so what does a duplex cost to run

Every cost breakdown I can find stops at the down payment and closing costs. Nobody lists the running stuff. If I buy a duplex and live in one side, what do I actually sign up for…

jordan_ellis2ActivePRO93 replies

WinHouse Hacking

Called 11 lenders about ADU income, four count it, all with different haircuts

I'm not buying yet, so this is a paperwork win rather than a deal. I spent three weeks calling lenders to find out who would actually count projected income from an accessory unit…

devon_pierce Get yoursPRO140 replies

LossLive-In Flip

Sold at month 23, and two months short cost more than the whole kitchen

I'll lay this out step by step in case someone else is where I was. I bought a small 1,100 square foot house last year, 189k, needing a kitchen, a bathroom, floors, and paint. Mov…

megan_doyle15 Get yoursAnswered7 replies

DiscussionLive-In Flip

if I sell in 18 months because I hate it, how bad is the tax hit

This is the question I'd be embarrassed to ask out loud. Everyone talks about the two year rule like it's obvious you'll make it, but what if I get 18 months in and I genuinely ca…

jessreyes12AU1APRO16Answered1 reply

DiscussionGround-Up Residential Development (Spec Home Building)

Framing quote killed my 3,200 sf plan. Attached instead?

The plan I had drawn was 3,200 square feet and the framing number came back so far over my budget that the whole thing stopped working, even before I priced the mechanicals. Meanw…

joe_delgado5AP4CPRO4Answered2 replies

From the desk:Ground-Up Residential Development (Spec Home Building)

8 pref then 70/30, but the overrun clause is doing all the work

Reading a subscription agreement and operating agreement for a spec build JV. 300k check from me, sponsor is a builder with what he says is nine completed houses. Two houses on ad…

wendy_park48CapitalPRO15Answered12 replies

WinSelf-Directed IRA (Real Estate)

The reserve rule I hated setting up is the reason I still own the fourplex

When I funded the SDIRA two years ago I set an arbitrary rule that felt over-cautious at the time: eighteen months of full operating costs in cash inside the account before I'd sp…

17Bbrandonlee36Passive1 reply

DiscussionMultifamily Development

Sizing a project into a trough: 40 units or 120 on the same land basis

Site will carry either a 40 unit walkup at three stories or 120 units at five with structured parking. Same land, same zoning envelope, different world. Hard cost per unit on the…

megan_doyle15 Get yours3 replies

DiscussionLuxury Wholesaling

Comps or replacement cost: valuing an estate when the market gave you three sales in two years

I priced a 7,800 square foot lake-adjacent house last month and the appraiser's world and mine didn't touch. Within four miles and two years there were three arguably comparable c…

gregpowell66AG4BPRO123 replies

DiscussionCleaning / Trash-Out Services

I quoted it like a move-out clean, she wanted cubic yards

An agent handling a bank-owned house asked me to price a trash-out. I quoted it the way I'd quote a move-out cleaning, hourly plus supplies, and she came back asking for a cubic y…

30NnataliehsuSO1BPRO10Answered2 replies

From the desk:Cleaning / Trash-Out Services

Net 45 on a $38 a cubic yard cap means I'd be financing a national vendor

Packet landed Tuesday and I've been costing it out all week. Terms as written: initial secure and trash-out at $38 per cubic yard, capped at 45 yards per work order unless I submi…

mikeoconnell7SP2APRO17Answered17 replies

WinData Centers (Passive Hold)

Stopped analyzing and bought the listed version. No regrets.

I spent half a year reading fund decks for data center exposure and I finally admitted I couldn't evaluate any of them. Every deck had a power story I had no way to verify. Minimu…

luis_carrera Get yours2 replies

DiscussionLarge Multifamily / Apartments (20+ Units)

Two decks in one submarket, and the split is who must be right about 2027

I'm still saving toward a first rental, but a friend on the LP side forwarded me two offerings in the same Sun Belt MSA, submarkets about four miles apart, and I've read both twic…

paulgrant17PassivePRO74 replies

LossInvestor-Friendly Real Estate Agent

Trusted my agent's ARV on a flip and sold $33k under it

Bought a 1958 three bed, one and a half bath, 1,340 square feet, at $158k. Agent's ARV was $265k, backed by three comps she sent in a one page PDF. Sold at $232k after 152 days on…

bmoreno23AB1BAnswered5 replies

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