Got the broker license. Not sure I want the office that comes with it
Passed the broker exam in the spring, mostly because I was tired of paying a split on my own deals and I wanted the option. Now I'm sitting on it and the math isn't as obvious as…
live deals, numbers on the table
Passed the broker exam in the spring, mostly because I was tired of paying a split on my own deals and I wanted the option. Now I'm sitting on it and the math isn't as obvious as…
Consider a 5,400 square foot luxury renovation, roughly halfway through construction, where the millwork package for a kitchen, butler's pantry, primary closets, and a paneled stu…
I'm funding the acquisition side for a partner who buys and flips 6 to 8 houses a year in a mid-size midwest market. Average purchase is around $145k. Two people pitched me last w…
A scenario worth working through carefully: an investor owns raw land bought years before the surrounding tract was designated an opportunity zone, no debt on it, and now has a ca…
Take a private lender writing a first loan on their own paper, small, on a 95,000 dollar rehab budget for a borrower they know well. The property underwriting is straightforward.…
I finally have something specific in front of me instead of just theory, so I'd rather be told what's wrong with it now. The house: 5 bed 2 bath, about 2,300 square feet, built 19…
Take a 63 page operating agreement on a 6.8M mixed use JV, with the capital partner putting in 2.1M of a 2.4M equity check, the operator bringing 300k plus the deal, an 8.5% pref…
I've been doing this about five months, which is to say I've been reading. An operator I met through my agent is putting together a 4,900 sq ft dated luxury reno and offered me a…
Getting quotes for media on the first flip and the photographer offers two tiers. Ground only, 35 stills plus a floor plan, $310. Add aerial, 12 aerial stills plus a 75 second edi…
Consider a small capital-side operation putting deal case studies and property walkthroughs out publicly to attract co-investors and off-market sellers, quoted $2,400 a month for…
Reading a hotel management agreement for a friend's group because I'm the one who reads things, and I keep coming back to the same mismatch. The agreement is ten years, third part…
Got offered a junior buyer-side slot on a team that works the top end of my metro. I've been licensed four months so I know I'm the least experienced person in any room I walk int…
Left my old field last year and I have been reading about every strategy in this forum. Land banking is the one I keep coming back to, mostly because I cannot manage tenants aroun…
Consider a general contractor running four to six investor rehabs at a time, average job cost $70k, whose clients pay on a draw schedule with inspection after completed work. That…
I've been coordinating files part time for two agents at a flat $425 per closed file, mostly resale with financing, average 34 days contract to close. That number works because th…
I've got seven doors, mostly small stuff I bought and fixed over the last three years, and two of them are killing me on turnover. One has had four tenants in 26 months. Every tur…
Take a 1960s three bed in a working-class suburb bought with the plan of holding it long term. Inspection scope comes back around $64k in materials and trade labor: kitchen, both…
Take an investor with 340k across a traditional IRA and an old profit sharing plan, both movable, and a plan built in three lanes: 40 percent first-position private notes, 40 perc…
Take a preferred equity offering on a 300-unit 2019-vintage asset where the real question is whose value the position is protected against. Structure as presented: a fixed-rate ag…
Take a triplex bought two years earlier at 412k, 3.5 percent down, with the owner occupying the smaller back unit. PITI including mortgage insurance around 3,205. Two rented units…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.