every post in the forum, newest first
Take a 28 site park that currently runs on a wall calendar and a cordless phone, the kind of setup a buyer often inherits. Price the software for it and the answers come back wild…
I mentioned to a guy at a meetup that I was reading about buying liens across a few states and he said once you're doing it at any real volume you need a license, and possibly E&O…
Take an investor bidding in two counties three weeks apart and coming out with 63 certificates. Average face around 1,840, total deployed 116k, rates between 6 and 14 depending on…
Take a 20 acre parcel, asking $14,500, absentee owner who inherited it and lives four states away. The county parcel viewer shows no road frontage. A dirt two-track cuts across th…
Consider a package from an operator who has been flipping recreational parcels for about six years and wants capital back to buy more. Nine performing notes, total unpaid balance…
A contract for deed template used for owner-financed rural land sales is worth reading closely before money moves anywhere near it. For context: a contract for deed, sometimes cal…
Every article on seller-financed land seems to use a different word for what looks like the same arrangement. Land contract, contract for deed, installment sale, and then some sel…
I back these because I know renovation work and I thought that gave me an edge reading the scope. It gave me an edge reading the scope. It gave me nothing on the capital stack, wh…
I pay a bit over eleven thousand a year for an LP group. Twenty something people who write checks into other people's deals, monthly calls, one meetup a year in a conference room…
Take an intercreditor draft on a recap, $34m value, $22m senior, $4.5m mezz behind it at 12 and a half. The coupon is the part everyone argues about and it is arguably the least i…
I'm doing the analyst work on a $32M refinance for a small sponsor and the mezz piece is where I'm stuck. Senior is quoted at 58% of value, mezz takes it to 76%, coupon 12.75% wit…
Before buying a rental, it is worth calling several management shops in each submarket under consideration and asking for a blank management agreement, a sample monthly owner stat…
Been looking at property management as the thing I actually do rather than buying anything, and I've gotten three different answers about licensing. One person told me you need a…
Take a spec build with these numbers. Lot at 88k, infill, already platted. Build budget 388k for 2,350 square feet, four bed, a standard plan a local builder had run three times b…
Consider a 60 acre parcel, mixed timber and pasture, two miles off a state route in a slow rural county, originally bought with a bank ag loan around 218k at 4.45%, 20 year amorti…
Working through a structure before I commit to it. Underlying is a 30-year fixed at 3.75 with about 312k left and roughly 26 years to run, payment 1,640 plus escrow. Plan is to se…
Reverse wholesaling works best with paper first. Before looking at a single house, sit down with a buyer, say one who owns fourteen rentals in older working class blocks, and have…
For anyone looking at mortgage REITs for income rather than growth, a useful frame is to split an allocation across an agency name and a more diversified name, say $9,000 each on…
I've been pricing out what a one-person contract-to-close setup costs before I quote anyone. What I've found so far: a dedicated transaction management platform, e-signature, some…
Take an investor with 11 doors, buying 4 to 6 a year, mostly small multifamily off market, financed with a mix of cash and DSCR loans, who has run contract-to-close paperwork out…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
