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From the desk:Lease Options (Rent-to-Own)

On the owner side of a lease option, I think I'm selling a call for 2.8%

The house is a 3/2 about 1,250 sq ft in a decent working neighborhood, I've owned it seven years, rents for $2,100 and it's my lowest-maintenance unit. My tenant of three years as…

priya_n21PO1C6 replies

DiscussionLease Options (Rent-to-Own)

Trying to get the vocabulary straight: option fee, rent credit, option consideration

I'm reading a sample rent-to-own agreement someone posted and three different words seem to be doing the same job. There's a $5,000 "option fee" up front, then $200 a month descri…

40Kkevin_lombardPG1BPRO178 replies

DiscussionWraparound Mortgages (Wraps)

Does the spread actually pay you, or does it just look good on the spreadsheet?

I've been running wrap math on a duplex I own with a 3.9 percent loan on it, about 141k left. If I sold at 215k with 15k down and carried the 200k at 7 percent, the buyer's paymen…

10Bbrandonlee36Passive2 replies

DiscussionSenior Housing (Independent Living)

Does a 44-unit 55-plus pencil in a town of 9,000?

County seat, population 9,100, county total around 31,000. Census-type numbers put the 65-plus count in the county at roughly 4,100 and median household income for 65-plus househo…

26Llaurenkim53PassiveAnswered3 replies

From the desk:Senior Housing (Independent Living)

Pref equity into an active adult build. What happens if lease-up runs long?

I've been reading paper for months and this is the first live thing I've been shown, so treat me as someone who understands the words and not yet the consequences. Deal: ground-up…

raj_mehta14CapitalPRO13Answered7 replies

From the desk:JV Wholesaling

He offered 25 percent for my scope of work, which is the deal

Guy I've done two walkthroughs for wants to make it a standing JV. His pitch is that his buyers keep coming back with rehab numbers 20k over his and killing deals, and that a writ…

gregpowell66AG4BPRO12Answered13 replies

DiscussionJV Wholesaling

What does it actually cost me to run a JV deal? Software, deposits, all of it

A few deals in and I'm hitting a ceiling on dispo, so I'm looking at JVing my contracts out instead of sitting on them. Before I commit I want the real cost sheet. I've seen peopl…

samantha_ruizAU4APRO5Answered14 replies

LossOff-Market Deal Sourcing

26k to stand up a cold call team, and one 6k assignment came out of it

Ran this from January to mid-April and shut it down. Writing it up because the arithmetic is simple and I ignored it for three months. Setup: two callers, part time, paid hourly p…

angela_burkeServicePRO12Answered6 replies

DiscussionOff-Market Deal Sourcing

Seller said yes on the phone, now what? I have no idea what paperwork goes where

I've been calling absentee owners for a few months and mostly getting hung up on, but one guy actually said he'd take a number that seems workable to me. And now I'm sitting here…

samantha_ruizAU4APRO5Answered1 reply

DiscussionJV Wholesaling

Building the buyer side first or the seller side first, when you plan to JV either way

I'm list building, no deals yet, and I've realized I'm building the wrong half without deciding it on purpose. I've got about 400 records of absentee owners and pre-foreclosure in…

devon_pierce Get yoursPRO142 replies

From the desk:Parking Lots / Garages

A gravel lot came with the flip. Run it as parking or fence it off?

Bought a tired duplex two blocks off a strip with six bars and a music venue on it. The seller wanted out of everything at once so the package included the gravel lot next door, r…

joe_delgado5AP4CPRO4Answered10 replies

DiscussionParking Lots / Garages

Do I buy $42k of gates or give an app 10% of revenue?

Numbers I've been quoted on a 40-space lot doing about $8,000 a month gross. Option one, a full gate and kiosk setup, $42,000 installed plus $600 a month for the software and supp…

24Hhannah_west29 Get yoursAnswered1 reply

LossHome Inspection

Skipped the inspection because I've swung a hammer for fifteen years. $14,300.

Cosmetic flip, 1,340 square foot ranch, built 1961. I walked it twice, wrote a scope, and waived the inspection to win against two other offers. I frame, I tile, I've torn out mor…

omar_haddadActivePRO17Answered3 replies

From the desk:Mortgage Brokerage

Broker wants a point on top of the lender's two. Trying to figure out what that point buys me

Duplex rehab, my usual thing. 265k purchase, 85k of scope (roof, both kitchens, one full electrical rerun), ARV I'm underwriting at 430k and my agent thinks 440k on a good day. Si…

omar_haddadActivePRO17Answered18 replies

DiscussionMortgage Brokerage

Where does the money come from on a bridge loan, points or rebate

I'm looking at backing a two-person brokerage that wants to move most of its volume to investor loans, and I can't get the revenue model straight in my head. On the conventional s…

12Sstephen_ok9CO2CPRO4Answered3 replies

LossShort-Term Rental Co-Hosting

Signed a 24 month co-hosting agreement, owner sold three of the five units in month four

This is a land guy's mistake made in a service business, so I'll own the shape of it. Five units, one owner, all within a fifteen minute loop. Fee was 15 percent of collected nigh…

nicole_adeyemiPassivePRO14Answered4 replies

DiscussionShort-Term Rental Co-Hosting

Nine units in the same lake town and my own listings are the comps

I co-host nine cabins inside a six mile stretch of the same lake town, all on 18 to 20 percent of revenue. Each one has its own base price in PriceLabs, all of them run a 2 night…

jessreyes12AU1APRO16Answered5 replies

From the desk:Opportunity Zone Investing (Passive Angle)

Managing an OZ-owned building changed how I read these funds

I've run property management on a 140-unit new build owned by a qualified opportunity fund for going on three years. That experience is the reason I'm having trouble writing a che…

tonyv88SO4CPRO63 replies

DiscussionAccessory Dwelling Units (ADUs)

Whichever is smaller means 550 square feet on my 1,100 sq ft house

I read the county code three times because I assumed I'd misread it. The accessory dwelling standards say maximum floor area is the lesser of 800 square feet or 50 percent of the…

nicole_adeyemiPassivePRO147 replies

From the desk:Listing Content / Social Media

Six months of a content retainer on nine parcels bought me what, exactly?

Nine parcels, 4 to 38 acres, three rural counties, all bought to hold. Two are listed at any given time and the rest sit. In March I put a content person on a retainer. $1,800 a m…

karen_whitfieldPG4APRO7Answered7 replies

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