every post in the forum, newest first
Asking because I am trying to figure out what to expect on a duplex in Garfield Heights, probably a two bedroom over two bedroom situation, and I genuinely do not know if vendors…
I've been quoted anywhere from $85 to $340 per lead by three different agencies in the last six weeks, all claiming their number is competitive for the Southern California market.…
Someone told me this week that they had a rooming house under contract from a direct mail lead, six bedrooms, forty-two thousand a year in gross rents, and the seller had describe…
Six months into mailing a 40 mile loop around Warner Robins and Monroe and I have sent 407 pieces total, hand-addressed envelopes on the first two batches, yellow letter format, a…
Mine wants a signed purchase agreement from the end buyer before they'll even send me a term sheet, which puts me in a position of needing the buyer locked before I know what the…
The age question is mostly a distraction from the real constraint, which is qualifying income. Take a 21-year-old with a W-2, two years of tax returns, and a 680 score. On an FHA…
A case worth studying for anyone running luxury assignments where the earnest money conversation happens late. The estate was priced at 2.4M, seller accepted 1.85M, and the assign…
Nine months in, the draw schedule is running about three weeks behind the actual work, and the lender's inspector only releases on what's fully complete, not what's substantially…
I have about $14,000 sitting in a HYSA right now earning 4.6 percent on a targeted $28,000 down for a duplex in Columbus or maybe Zanesville or Lancaster where the price points ar…
That number sits in a case study I have been working through, and the mechanics of how it happened are worth putting on the table. The subsidy came in as expected, the constructio…
I watched her pull up that comp herself on her phone. The 2022 sale was a full reno, corner lot, finished basement. Hers has the original kitchen and has been sitting 61 days. I d…
I'm looking at getting back into another Texas multifamily deal, this time as preferred equity rather than LP. The sponsor is offering 8 percent preferred with a 2x equity multipl…
My farm ground cash rents hit in March and I rolled most of it into a flip I'm wrapping up in Lakeland, about 260k into that project and I won't see it back until probably late Ju…
I do turnover work for a management company that handles a handful of small multis in that area so I know the buildings and I know the rents are real. The issue is I can't find a…
Put 180k of capital gains into a QOF back in late 2019. The step-up benefit at five years was supposed to apply to 10 percent of the deferred gain, so roughly 18k excluded from ta…
A deal worth studying: a six-story 1958 office building, 42,000 square feet, acquired at $31 a foot with a conversion plan targeting 38 one-bedroom units. The hard cost budget cam…
Found a off-market fourplex in Mesquite, owner wants to sell, numbers land right at what my guy told me he wanted back in February. 78 cents on ARV after repairs, stabilized rents…
There is a case worth examining here. Say a bird dog delivers 18 leads over six months, all within a two-mile radius of one submarket. The investor closes on two. At that point th…
A detached 480 square foot cottage, built for $210,000 all in, appraised at $137,000 on completion. On paper that looks like a destruction of equity. But the owner had purchased t…
Lender called it a bridge loan, operator called it a capital infusion, and I called it gap because that is what I do, but none of those words told me where I sat if the deal went…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
