Post mortem on a text-first seller lead qualifier. I built it, I sold it, and messaging deliverability killed it in about seven weeks. What it was: investors upload a list, my sys…
The office manual I got at orientation has a designated agency addendum in it. The client signs, the managing broker assigns one agent to the seller and one to the buyer, and the…
Contract with the seller at 214k, resale to my end buyer at 252k. I built the whole thing as a double close because the spread is 38k and I did not want that number sitting on an…
Trying to get a real number in my head before I stop researching and start doing something. What I think I understand: assignment costs you basically nothing, double close costs y…
I've got a handful of doors and the cleaning side is the part that keeps breaking. Every cleaner I use is a solo operator, they cancel, and a Saturday cancellation in a market wit…
A client asked me to quote turnover cleaning on a house she hasn't bought yet. When I looked at her numbers, the deal works at 68% occupancy and $240 a night and it does not work…
I'm working through a 12 over 3 in a second-ring streetcar suburb and the way I split the underwriting changes the price by about 18%. Version one: the residential rent roll alone…
I hit the ceiling on my active deals and started underwriting a 12 room house that the current owner runs with two meals a day and weekly room cleaning. His rents are roughly 190…
Selling a small inherited house next spring and I decided to run the marketing myself rather than take whatever package comes bundled. Hired copy and photo separately. The copywri…
Builder client, six detached spec homes, 1,850 to 2,400 sf, delivering in three pairs roughly five months apart. Target list is 420k to 465k. I underwrite the sales side and stagi…
My closing disclosure shows a lender's title policy at around $600 and an owner's policy at around $1,100, and my agent said the seller customarily pays for the owner's policy whe…
First purchase, a small house I plan to live in for a few years and keep as a rental after. The commitment came through yesterday and section two has nine numbered exceptions. Som…
Finished this one out last quarter and it's the most expensive lesson on my list so far. 60k into a private non-traded REIT, Reg D offering through an accredited platform, industr…
Quotes I've been looking at on single-tenant retail keep setting up the same conflict, and I want to know how the buyers here resolve it. Take a box with 9 years left on a corpora…
I've been going back and forth on this while I try to figure out which strategy actually fits me, and the dual agency question keeps showing up before I've even picked a lane. The…
Small portfolio, mostly rentals, and I've been adding certificates as a side sleeve. At a dozen positions in one county I can hold the whole thing in my head. I want to go to some…
Bought this one at a sale three years ago. Certificate was $2,410 on a small frame house on a third of an acre, statutory rate 12%. Paid subs every year since, $1,190, $1,240 and…
I put 120k of Roth IRA money into a value-add residential fund in early 2023. The pitch was 14 to 16 percent, the sponsor had a track record I checked properly, and the whole poin…
Sponsor is a third party, no relationship to me, a value-add multifamily deal. Minimum check is $100k. I've got about $180k in a self-directed traditional IRA and roughly $120k of…
I put $5,000 into an agency mortgage REIT 15 months ago because the yield line said 11 percent and I wanted to see how one of these actually behaves before I put real money anywhe…