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…
This is a case worth studying because it is the beginner mistake in its purest form. Take an investor buying a participation in a loan someone else made to an operator purchasing…
I've been sitting with two pitches from people who both call themselves dispo shops, and they're built on opposite bets. The first one is a woman with about 60 buyers she talks to…
Reading a T-12 is the easy part for most experienced buyers. Getting an actual agent relationship that produces off-market deals is the harder skill, and it shows up as a common c…
Say a 1,400 square foot 3/2 in a decent submarket comes back from an agent at an ARV of 315k, built from six comps, four within a half mile, all sold in the last five months, with…
I've got $9,400 saved. That's it, no other cushion beyond about two months of expenses I'm not touching. I've been pricing out what a first small rental actually costs and the gap…
Take a cold calling shop that receives a 9,000 record list from a client, runs it through scrubbing, and finds roughly 6 percent flagged against do-not-call registries, while the…
I'm reading everything twice and this is the part I keep circling. When my parents bought, the agent had the listings and you didn't. That was the product. Now I can see every hou…
Consider a $240,000 house needing cosmetic work plus a garage, where the buyer decides to go unrepresented, reasoning that a construction background reads a house better than most…
Take a 40-unit garden style building tied up at 3.1m under a wholesale contract. Seller is an estate, no broker, deferred maintenance everywhere, in-place rents about $180 under m…
A guy I met at a meetup forwards me deals. He sent one yesterday: 6 units, older brick building in a small midwest town, asking 385k. He says the seller is motivated because he's…
Ninety addresses logged over six weeks, split into two buckets after I did the owner research. Bucket one is visibly vacant. Boarded windows, mail piled at the door, weeds through…
I've been reading through everything here twice and I still can't get a straight answer on this bit. Say I've driven a street, logged a house with a collapsed porch and a full mai…
Say a listing agent offers a comp analyst $250 per listing presentation, roughly 6 a month, plus early access to her expired and withdrawn pipeline ahead of her calling the owners…
Whether a seller pays separately for an enhanced marketing package on top of commission varies by market and brokerage. Marketing used to be folded into commission, but tiered add…
Consider a package from a retiring owner: twelve houses within about nine miles of each other, built between 1958 and 1979, sizes from 1,050 to 1,480 sq ft. Asking 2,640,000, so 2…
I do due diligence on passive positions for a living and I've somehow never bought a house myself, so I'm trying to build the cash requirement from the bottom up rather than trust…
I've been running thin-margin flips at 400k to 600k and I have about 900k of equity that could go one of two ways. A partner wants to put all of it into a single dated 3.4M house…
A pattern worth studying rather than dismissing as bad luck. Take an investor who rolls 78k out of an old employer plan into a self-directed account, then spends over a year build…
Consider a contract on a 6,400 square foot estate on about two acres, deferred maintenance throughout, roof at end of life, pool shell cracked, kitchen from the early 2000s. Owner…