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DiscussionCold Calling / SMS Lead Generation

When contact rates fall, do you narrow the list or widen it?

I hold land and long-term rentals and I've been prospecting owners directly for six years, so I've watched my own connect rate slide from something like 11 percent down to under 4…

karen_whitfieldPG4APRO73 replies

LossHotels / Short-Term Lodging (Passive Hold)

Put $180k into a coastal hotel LP because somebody said passive, and the fee stack ate it

Closed and done, so this is the postmortem. 74-key hotel in a beach town, three blocks off the water, no meeting space, heavy leisure. $180k into an LP raise of $6.4M against a $1…

joe_delgado5AP4CPRO44 replies

DiscussionLease Options (Rent-to-Own)

Underwriting a tenant-buyer: current payment record or a lender's written path to qualifying?

I'm building the screening file I'd use if I ever offered a rent-to-own on the house I'm about to close on, and the standard tenant screen doesn't answer the question I actually h…

paulgrant17PassivePRO70 replies

WinPrivate REITs (Investor)

Bought a non-traded REIT to stop watching prices, and that part actually worked

Running a service business means my income already moves with the market. When a slow quarter hits, the last thing I want is to open an app and watch a REIT ticker down 14% on the…

angela_burkeServicePRO1222 replies

Story

The vent line for one bathroom fan turned into eleven days of electrical

Scope creep story, since people keep asking me for one. Upstairs bath had no fan, just a window. Cheap fix, cut in a fan, run four inch flex to a roof cap. My guy opens the ceilin…

omar_haddadActivePRO172 replies

From the desk:Co-Living / Room Rentals

What exactly is a "co-living turnkey package"?

I'm brand new to this, so please assume I know nothing. Someone at a meetup pitched me on a 3 bed house he'd sell me at 240,000 already set up for room rental. Furnished, tenants…

megan_doyle15 Get yoursAnswered2 replies

DiscussionCo-Living / Room Rentals

Per-room setup costs on a 4-bed, what am I forgetting

I spend most of my time on the lending side, so I'm used to looking at these from the other end of the table. A seller near me has a house already operating as four rented rooms a…

sonia_alvarez Get yoursPRO6Answered9 replies

DiscussionMedical Office Buildings

Second generation imaging suite where the shielding is the only reason the rent works

Sitting with a 9,400 sf building, two suites, one of them a former imaging tenant that left behind lead-lined walls, a reinforced slab section and a 400 amp service. Seller is pri…

karen_whitfieldPG4APRO70 replies

DiscussionMedical Office Buildings

Hospital system at a 6 cap or independent doctors at an 8, if you only get to own one

I've been doing diligence on medical outpatient buildings for about a year and I keep landing on the same fork, so I want to see how the room splits. Quick definition for anyone n…

marcus_hale41CG4A8 replies

DiscussionInvestor-Friendly Real Estate Agent

My agent wants a 1% buy-side fee on off-market deals I source myself

I've been working with an agent who genuinely knows investment numbers. She runs comps, she understands ARV, she's brought me two pocket listings from her wholesaler contacts. No…

joe_delgado5AP4CPRO4Answered5 replies

From the desk:Investor-Friendly Real Estate Agent

Buyer rep agreement wants 2.5% on deals I source myself

Agent I've been circling for six months finally sent the paperwork. Exclusive buyer representation, 12 months, county-wide, all residential 1-4 unit. Compensation is 2.5% of purch…

carlos_nunezActiveAnswered3 replies

DiscussionLease Options (Rent-to-Own)

Two years or four? I can't decide how long to make the term

I'm setting up a rent-to-own on a small house as the buyer and the owner has left the term open for me to propose. My credit needs about eighteen months of clean payments and a bi…

ehernandez74PO2BPRO72 replies

Story

I thought a note meant a note, like something written on paper

Two weeks into all of this and I sat down at a coffee thing where four people were talking about buying notes. I assumed they meant something like a letter of intent. Some kind of…

megan_doyle15 Get yours3 replies

From the desk:Gap Funding / Bridge Lending

Asked to fund 55k behind a senior who won't acknowledge my lien exists

Borrower is doing a heavy rehab on a 12 unit in a secondary market. Purchase 640k, budget 210k, senior bridge loan 700k from a private lender, stabilized value the borrower puts a…

wendy_park48CapitalPRO15Answered4 replies

DiscussionGap Funding / Bridge Lending

When the exit slips on a 12-month bridge, who pays for the extension?

Underwriting a 12-month bridge with a 6-month extension option at one point. Sponsor's exit is a DSCR refinance on a stabilized 8-unit, and their pro forma has certificates of occ…

sonia_alvarez Get yoursPRO67 replies

DiscussionMedium Multifamily (5-20 Units)

Two 5-units, same price: one full at market, one where every tenant is 200 under

I've read the section on income valuation twice and I think I finally understand why these two buildings are asking the same number. Both are 5 units, same small city, about a mil…

17Kkevin_lombardPG1BPRO172 replies

WinMarketing / PPC Agency (Real Estate)

Three months of paid search and I finally believe my cost per conversation

$4,180 of spend later I have something I can actually plan against, which is more than I could say in January. Setup: I buy vacant parcels, 5 to 40 acres, in four counties that ar…

ehernandez74PO2BPRO7Answered11 replies

DiscussionMarketing / PPC Agency (Real Estate)

The onboarding list has four subscriptions on it before the retainer even starts

Signed nothing yet. The agency sent an onboarding sheet and it has: CRM $99/mo, call tracking $45/mo plus $0.03 a minute, landing page builder $99/mo, skip trace credits billed as…

carlos_nunezActiveAnswered4 replies

DiscussionAppraisal

Would an appraisal license be any use to me for my own deals?

I'm a few deals in and my ceiling right now is that I can't tell a good number from a hopeful one fast enough. Two people have suggested I get an appraisal license so I stop payin…

samantha_ruizAU4APRO5Answered14 replies

From the desk:Appraisal

The cost approach is doing all the work on an appraisal 53k under

Duplex, both sides 2/1, bought it 26 months ago at 318k and put roughly 71k into it. New roof, both kitchens, one full electrical rework, exterior paint and a rebuilt rear stair.…

priya_n21PO1CAnswered4 replies

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