Running a small service outfit, mostly doing the disposition legwork for two operators, and one of them has a signed contract on a distressed estate at $1.85m. Seller's counsel st…
I'm being offered participation in a fund that does heavy rehab across a few markets, and I'm still figuring out how private money moves. Sponsor's pitch is that distressed invent…
I own rentals because I like things that keep working when I'm not looking at them. But the numbers on cosmetic flips keep showing up in my feed and the argument is that a 6 to 8…
48-lot park, 44 occupied, and the offering memo says agency eligible in the first paragraph. Then in the rent roll, 9 of the occupied lots are park-owned homes rented as houses at…
Building a shortlist of agents to call and I've noticed that phrase on about nine profiles out of ten. Investor friendly. Works with investors. Investor focused. I can't tell if t…
I've done a handful of house deals and I'm looking sideways at land, and every listing description in this niche says recreational. Sometimes it's 40 acres of timber, sometimes it…
Running the arithmetic on an agency-heavy name. Asset yield around 5.9%, cost of funds around 4.4%, so 1.5% net interest spread. Equity of 1, borrowings of 7, so the levered piece…
Every explanation of the 70 percent rule says the same sentence: pay no more than 70 percent of ARV minus repairs. I can do that arithmetic. What I can't figure out is where the b…
The figure I've seen quoted for tenant turnover is about $1,750 on average, cleaning included. I'm trying to break that into lines I can put in a model rather than carry as one lu…
A sponsor sent me a deck for a 180 unit deal in Huntsville and then asked me to confirm I'm accredited. My W2 income is nowhere near what I've seen quoted, but I own four small mu…
Bought at $210k, all in at about $298k including the renovation and carry. Full gut, new kitchen, new mechanicals, everything permitted. My agent wants to list at $315k. I want $3…
Negotiating an option on a $410,000 house, 36 months. Owner wants the strike set at appraised value at the time I exercise, minus 3 percent. I want a fixed $425,000, which is roug…
Talked to the housing authority about a unit I'm finishing and the sequencing seems designed to put all the risk on me. They won't schedule an inspection until the unit's ready an…
Looking at a 96 bed purpose-built property, 24 four-bed units, half a mile from a flagship with roughly 34,000 enrollment that's grown about 1.5% a year for a decade. Seller's T12…
I pull maybe 40 new seller leads a month across three rural counties, mostly from mailers and one skip-traced list. Two consultants have quoted me 4,500 and 6,000 to build out a p…
Underwriting a 38-lot park at a 6.75 cap, city water and sewer, all but three homes tenant owned, asphalt in fair shape. On paper this is the most stable income I've looked at, an…
I'm finishing my salesperson license and looking at a 12-unit at 1.05M as a first commercial-classified purchase, and my operating expense line is guesswork. Specifics I can't pin…
18 acres, under contract with a due diligence extension I paid $8,000 for. Asked for a rezone to allow attached product at roughly 6 units an acre. Denied 4 to 3 after a hearing w…
Building my list and I've got the purchase side roughly understood. What I can't get a straight answer on is everything else. I see people talk about needing "reserves" and I don'…
One channel says you can start virtual wholesaling for nothing with a free county site and a cell phone. Then there's a program selling me a $10,000 course that apparently include…