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DiscussionFix and Flip (Full Gut)

How does anyone find a contractor for a gut when they have no track record?

Career changer, zero deals, reading everything. Every write-up about full guts says the same thing, that you need established contractor relationships. Fine. But I don't have any,…

bmoreno23AB1B2 replies

DiscussionRural Land Flipping

Do you buy parcels with a title problem you already know about, or only clean ones?

Sitting on two options with the same seller family and I have to pick a policy, not a deal. Parcel A: 34 acres, deed chain clean back four transfers, access off a maintained count…

carlos_nunezActive4 replies

WinMultifamily Development

Delivered 22 units into the softest quarter I've seen, and it still cleared

Finished lease-up on this in the spring so I can finally talk about it with real numbers instead of projections. The project: 22 units, three stories, walk-up, surface parked, woo…

carlos_nunezActive10 replies

DiscussionListing Content / Social Media

Face-led account or brand-led account, when the face can quit

I've been running content for my own rehab work since 2022 and for three clients since last spring. Small shop, me plus an editor at $28 an hour. The split I can't resolve is face…

gregpowell66AG4BPRO127 replies

DiscussionBroker Owner

Producing broker or not? The two owners I sat with run it opposite ways

Spent an hour each with two brokerage owners this month and they gave me completely opposite answers to the same question. The first has six agents and closed 19 deals himself las…

aaron_fitz10 Get yoursPRO1515 replies

DiscussionCleaning / Trash-Out Services

Getting set up for trash-outs, what do I actually need before the first job?

A property manager I met through my licensing course said she'd send me turnover cleans if I could also haul out whatever tenants leave behind. I've got a half ton pickup and a 5x…

26Rryanmck27SC2CAnswered9 replies

From the desk:Cleaning / Trash-Out Services

A $9,400 cleanout quote on a house I don't own yet, closing in two weeks

Off market three bed, 1,900 square feet plus a detached garage, owner passed and the family walked away from the contents. Assignment price $146k, my after repair number is around…

devon_pierce Get yoursPRO14Answered10 replies

DiscussionDouble Close Wholesaling

Same day out, or hold it overnight on purpose

Ran a 118k in, 142k out last month and both legs closed within about two hours of each other, which is how I've done every one of these. My funder doesn't care, the fee is flat pl…

joe_delgado5AP4CPRO40 replies

WinTransaction Coordination

Five buy-and-hold files at $325 flat, and what the fifth one taught me

I'm still waiting on my license number, so I asked around first about whether I could take fee-for-service coordination work without one. Where I am the answer was yes as long as…

10Rryanmck27SC2CAnswered11 replies

DiscussionTransaction Coordination

Where does my TC stop being admin and start practicing law on assignment files?

I keep 9 to 11 files open at once, mostly assignments with a few double closes, and I pay my coordinator $500 a file. She is good. She is also, over the last stretch, doing things…

carlos_nunezActiveAnswered6 replies

WinLive-In Flip

Gain landed above the single-filer exclusion and the receipt box carried the top slice

Sold the live-in flip in September. Twenty-seven months in the house, single filer, and the gain came in over the exclusion, which I honestly didn't plan for when I bought. Number…

raj_mehta14CapitalPRO13Answered14 replies

DiscussionLive-In Flip

can I do the work myself, or does that need a license or a contractor

I'm still sorting out which strategy fits me and the live-in flip keeps coming back because I'm patient and I don't have much capital. But I don't know what I'm legally allowed to…

aaron_fitz10 Get yoursPRO15Answered1 reply

DiscussionBird Dogging / Lead Finding

Does buying pre-foreclosure data make you a better bird dog or just a slower one

Foreclosure filings were up 26 percent year over year in the first quarter per ATTOM, starts up 20, repossessions up 45. So the list is getting longer and every scout I talk to ha…

aaron_fitz10 Get yoursPRO158 replies

DiscussionSubject-To Financing

Funding the equity payment as a second behind a loan I'm not the borrower on

Structure I'm being pitched. Operator wants 60k from me to cover a seller's equity on a house with a 198k first at 3.4%. I'd take a second deed of trust recorded against the prope…

21Sstephen_ok9CO2CPRO40 replies

LossSubject-To Financing

The tax exemption dropped off after transfer. Escrow ate the whole spread.

Payment went from $1,412 to $1,741 in month ten and nothing about the loan changed. I was keeping the file on a sub-to for an investor I do coordination work for, so this one is o…

10NnataliehsuSO1BPRO103 replies

From the desk:Foreclosure / REO Investing

The listing says clear title, preliminary shows a second deed of trust and a tax lien

I'm under contract on a bank-owned 3/2 at 179k, listed by a brokerage handling it for the servicer. Reading the preliminary title report twice, which is my habit, and I have two t…

28Kkevin_lombardPG1BPRO17Answered5 replies

DiscussionForeclosure / REO Investing

The pipeline is rising but the good stuff never reaches the public, so where is everyone actually finding inventory

Something bothers me about how this strategy gets discussed. Filings are up, repossessions up sharply, everyone quotes the numbers. And yet the practical experience of anyone tryi…

nicole_adeyemiPassivePRO14Answered8 replies

DiscussionCleaning / Trash-Out Services

Estate sale seller offered me $3,000 off or he'll clear the house. I can't decide which one leaves me worse off

Small three bed, estate sale, contents still in it. The heirs are out of state and the listing agent brought me two versions of the same deal. Either the seller delivers it broom-…

37Ttashaford30PB2APRO417 replies

DiscussionSelf-Storage (Passive Hold)

Seller pro forma has 4 percent rent growth in years two and three on the back of a housing thaw. I've got it flat and the deal dies.

212 units, 24,600 net rentable square feet, 89 percent physical and 81 percent economic occupancy. Asking price implies a 6.1 cap on trailing twelve, which is fine. The problem is…

31Hhannah_west29 Get yours22 replies

DiscussionBRRRR Method (Active Operator)

Which rehab line items actually move the appraisal?

Scoping a BRRRR now and the scope has already grown from $52k to $70k on paper, which is my usual disease. About $18k of the growth is mechanical: sewer lateral, 200 amp service,…

omar_haddadActivePRO17Answered3 replies

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