every post in the forum, newest first
Two sponsors can handle the same new investor in opposite ways in the same week. The first sends a scheduling link within a day and wants 30 minutes on the phone before sending an…
Everywhere you look, first deal advice says find an experienced wholesaler and give up half. Half of a 12k fee is 6k, which sounds fine when the alternative is zero. What's harder…
Consider an owner with nine units, three of them placed with a manager for the ones furthest away. Her written criteria say gross income at 3x monthly rent, no evictions in seven…
Consider a 208 unit property going into renewals against three nearby properties within a mile all offering six to eight weeks free. Average in-place rent is 1,585 with occupancy…
Take an investor who puts capital into a 220 unit apartment deal, drawn to it because apartments felt like the least exciting thing available and the goal was unexciting. The ques…
Two office offerings worth comparing, since they sit at nearly opposite ends of the spectrum. Deal A. Recapitalization of a 2016-built 190,000 square foot tower in a strong CBD. 9…
Consider a broker offering of a 22,000 sf single-tenant suburban office. Regional bank operations back office, tenant in place 11 years, 3.5 years remaining on the lease, 2 percen…
I've got about $50k I'd allocate to certificates this season and I'm modeling roughly 60 certificates averaging $800 in a Florida-style batch auction. The plan assumes I never win…
Set aside $18,000 for a first year in certificates. Won 9 at the May sale, total outlay $12,060, average $1,340, rates between 8% and 12% in a premium-bid county where I paid no p…
Take a 2,000 sq ft foursquare bought at 186, ARV modeled at 435, budget at 158. A buyer with framing experience might price a project like this with real confidence, and that conf…
Hard money term sheets for a full gut rehab commonly read something like 90 percent of purchase and 100 percent of rehab financed, which sounds like the rehab money is available a…
Take a subject-to scenario worth studying closely: a divorce situation, a house in a first-ring suburb, the loan in one person's name alone at a low fixed rate from a recent refin…
This question comes up on nearly every purchase, and there are three reasonable approaches worth weighing. Sending the full report as an attachment with the repair request lets th…
Consider a co-host asked to take over management of two units starting in a few months. Both are permitted today. Suppose the city has a proposal on the agenda to cap the total nu…
Reading a double close file the way an examiner would is a useful exercise. A recorded deed into the wholesaler's entity and a deed out is the standard basis in several states for…
File I bought at $38k against a $91k balance, single family in a mid-size southeast metro. Borrower signed a modification, payment reset to $645 with taxes and insurance escrowed,…
Consider an owner of a 12 unit and an 8 unit, both older walkups in a working class part of town, who decides the buildings should have a social media presence and hires a content…
Buying can happen on weekends and refinancing is mostly paperwork, but the renovation phase is the one that tends to demand real-time attention for a few months, which is a proble…
A common way to model BRRRR is starting capital of 60k, each deal all-in at roughly 78 percent of ARV (purchase, rehab, holding, closing), refinancing at 75 percent LTV. On a 200k…
Closed out the last four lots of a small infill subdivision in March, so here are the real numbers. 3.2 acres inside city limits, already zoned for what I wanted, minor subdivisio…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
