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Discussionsomeone asked, the room worked it out From the desk:live deals, numbers on the table Wins & lossesit finished, here is how it went Pollsone click, then see the split Storiesthe tenant, the seller, the sideways closing All

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WinTransaction Coordination

Hired a TC at $395 for six acquisitions, tracked what it actually bought me

I said in this room a while back that I was going to stop analyzing and buy something. I bought six things over fourteen months, small residential, two of them off market. What I…

luis_carrera Get yours8 replies

DiscussionGround-Up Residential Development (Spec Home Building)

Ninety days on the market. Cut 15k, or rent it for a year and relist

My first rental hasn't even closed yet, so I'm asking about someone else's problem that I've been shown the spreadsheet for. A builder I know has a finished four bedroom sitting a…

paulgrant17PassivePRO72 replies

From the desk:Self-Directed IRA (Real Estate)

Roof quote came in at $14,800 and the IRA has $2,900 in it

Duplex bought all cash inside a traditional SDIRA back in 2019 for $186,000. Two units, $1,750 gross a month combined, taxes and insurance about $4,900 a year, self-managed by a l…

karen_whitfieldPG4APRO75 replies

DiscussionLuxury Specialist Real Estate Agent

How are people actually setting the buyer-side fee at $5M and up now that it's its own negotiated document?

Three of the luxury agents my service-side team works with are all doing this differently, which makes me think none of them has it settled either. The percentage camp. Keep charg…

angela_burkeServicePRO12Answered5 replies

DiscussionCommercial Wholesaling

Office distress keeps coming up as the opportunity. Who's buying those buildings though?

Every piece I read about commercial wholesaling says the motivated sellers right now are in office and older retail. Fine, I believe there are sellers. What I can't work out is th…

derekj19SB1B2 replies

From the desk:Commercial Wholesaling

34 names on a commercial buyer list. Maybe five are real.

Six weeks into trying to build a commercial buyer side and I have 34 names, of which maybe four have ever told me a specific box they'd fill. The rest say things like "multifamily…

bmoreno23AB1BAnswered5 replies

DiscussionBird Dogging / Lead Finding

Bird dogging costs nothing, says one person, while another sells a $997 course

I've been reading for half a year, haven't done a deal, and I want to pick something I can start this month. Bird dogging keeps coming up as the free entry point because you don't…

jordan_ellis2ActivePRO9Answered5 replies

From the desk:Bird Dogging / Lead Finding

My first bird dog sent me 14 leads I can't use

Four deals in and my problem is deal flow, so I told a guy at a local meetup I'd pay $2,000 per closing for addresses in my two zip codes. He's enthusiastic. In three weeks he's s…

samantha_ruizAU4APRO5Answered6 replies

DiscussionBird Dogging (As Service)

Knock on the door or just hand over the address? The fee seems to depend on it.

Coming into this with no portfolio and no license, so all I have to sell is the finding. Two people I have talked to run it completely differently and both are getting paid. The f…

bmoreno23AB1BAnswered4 replies

From the desk:Cleaning / Trash-Out Services

My unit price on a first REO trash-out doesn't survive the dump scale

A servicer's regional vendor coordinator sent me a work order for a 1,450 square foot single story that got repossessed in the fall. Photos show maybe half the house furnished, a…

derekj19SB1BAnswered6 replies

DiscussionCleaning / Trash-Out Services

Cubic yard allowables vs what the truck actually holds

I got a vendor pricing sheet from a field services company and I'm trying to figure out where the trap is before I sign it. Debris removal is priced per cubic yard with a cap on t…

32NnataliehsuSO1BPRO10Answered1 reply

LossMarketing / PPC Agency (Real Estate)

The landing page promised a 24 hour cash offer and my process takes five days

Six months, $18,400 all in, and the failure was a sentence of ad copy I approved without thinking about it. I came at seller leads from the renovation side, so my underwriting sta…

omar_haddadActivePRO175 replies

DiscussionWraparound Mortgages (Wraps)

Wrap on a house I'm renovating: deed to me now, or does she keep title until payoff?

Seller owes 118,000 at 3.25 percent on a 1960s ranch that needs about 60,000 of work. She'll wrap at 6.5 percent on a 245,000 price with 25,000 down, 30-year amortization, balloon…

omar_haddadActivePRO17Answered14 replies

LossHard Money / Private Lending

Nineteen months from last payment to sale turned 10.5 percent into about 1

Funded a $95,000 first through a loan broker in early 2023. Single family rental in a slow secondary market, borrower was buying to hold and refinance out. Appraisal came in at $1…

raj_mehta14CapitalPRO130 replies

DiscussionHard Money / Private Lending

How much money do you actually need to fund one of these loans yourself?

Construction is what I know, so I look at these rehab loans and I can see which borrowers are lying about their budget. Thought that might be worth something on the lending side.…

gregpowell66AG4BPRO12Answered12 replies

LossHotels (Capital Deployment)

Reserve funded at 2%, franchise agreement says 4%, and I found it in a footnote

Hotel repositioning fund, four assets, my position was $120k. I read the LPA before I signed and I read the quarterlies, which is more than most people do and clearly still wasn't…

wendy_park48CapitalPRO155 replies

LossResidential Property Management

Hired the 6% manager to save $792 a year, cost me about eight thousand

I wanted the boring version that works, and I talked myself into believing the cheapest option was the boring one. One single family rental, market rent around $1,650. I got quote…

tylerbrooks9PassivePRO414 replies

From the desk:Mid-Term Rentals (30-90 Days)

Insurance placement at 4,300 with a seven day out, or a traveler at 3,150 for 13 weeks

Clause 9 of the placement agreement on my desk lets the housing company terminate on seven days' written notice once the carrier closes the claim. Clause 11 lets them substitute o…

wendy_park48CapitalPRO15Answered6 replies

DiscussionMid-Term Rentals (30-90 Days)

Furnishing quotes range from $5k to $25k for a two bedroom

I've mostly held land up to now, so the furnished rental side is unfamiliar to me. I'm looking at a two bedroom condo near a hospital and the mid-term math looks better than the l…

nicole_adeyemiPassivePRO14Answered7 replies

DiscussionBoarding Houses

Resident stopped paying in week three and the sheriff says it isn't an eviction

Running six rooms under a city rooming house license. Individual room leases, month to month, shared kitchen and two baths, I provide weekly common area cleaning and linens on req…

carlos_nunezActiveAnswered2 replies

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