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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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From the desk:Boarding Houses

Only the meals pencil, and the kitchen isn't a commercial kitchen

Small mill town, population under 4,000, two hours from anything. A former nurses' residence, 8 rooms, one shared bath per floor, big commercial-ish kitchen from the 1970s that ha…

40Llaurenkim53Passive0 replies

DiscussionCleaning / Trash-Out Services

Chain of custody on personal property in a post-eviction cleanout

I've been asked to price cleanouts on a batch of 12 units for a manager who takes back a steady number of them after eviction. Scope reads as debris removal and a make-ready clean…

mitchell_ray4 Get yoursPRO120 replies

From the desk:Cleaning / Trash-Out Services

First tenant leaves in March. What should turnover cleaning cost?

My first rental is a two bed one bath, about 900 square feet, and the tenants gave notice for the end of March. They've been fine, rent always on time, and from what I saw at the…

paulgrant17PassivePRO7Answered1 reply

From the desk:Home Staging

owners keep asking us to prep their listings. how do i price that?

I manage 41 doors, mostly small multifamily plus a dozen single family. Seven of those owners sold in the last 24 months, and in five of the seven the tenant moved out and the own…

tonyv88SO4CPRO61 reply

DiscussionHome Staging

Is staging a design career or a van and a storage unit?

I've been going back and forth on which side of this business to try, and staging keeps coming up because it looks like the cheapest thing to start. Two stagers in my area adverti…

aaron_fitz10 Get yoursPRO156 replies

Story

Before anyone said a dollar amount, the appraiser had split the orchard's value in two

A family friend at a small ag lender let me listen in on a call as long as I stayed muted, which is about as close as I've gotten to any of this. Citrus orchard, family had it thr…

sonia_alvarez Get yoursPRO68 replies

WinReal Estate Photography / Video / 3D

First paid shoot was $225, and the sun nearly sank it

Still finishing my license, so I've been picking up shoots on weekends to have some cash coming in while I study. Saturday was the first one someone actually paid me for. A 1,600…

32Rryanmck27SC2CAnswered6 replies

LossOff-Market Deal Sourcing

Seller canceled at day 19 with the buyer-side money already spent

Contract at 212k on a 1970s three bed with a bad roof and a tenant on month to month. Comps supported 305k fixed. I'd sourced it off a stacked list, pre-foreclosure filing plus lo…

jessreyes12AU1APRO16Answered6 replies

DiscussionOff-Market Deal Sourcing

Coming from zero, is off-market sourcing something you can start with no money?

Career changer here, starting from nothing. Every video says wholesaling off-market deals needs no money, and then the same video sells a $97 a month software subscription. So cle…

bmoreno23AB1BAnswered3 replies

From the desk:Off-Market Deal Sourcing

A long-tenure owner offered to carry, so I'm moving slowly on purpose

I've been working a small list by hand, maybe 220 owners, everything over 25 years of tenure in two zip codes I actually drive through. One of them called back after the third let…

ehernandez74PO2BPRO7Answered4 replies

DiscussionSeller Financing (Capital Provider)

Does fixing the house properly make the paper worth more?

I renovated a house intending to sell outright, the scope ran over as usual, and now I'm considering carrying the paper instead of taking a thinner cash number. Something I don't…

omar_haddadActivePRO17Answered1 reply

LossSeller Financing (Capital Provider)

Carried the whole price on a starter house, got it back worse than I sold it

This was supposed to be the easy version. I had a small two bedroom I had fixed up, market value around 122k, and a buyer who could not get a mortgage because of a short work hist…

aliyah_bAU2APRO9Answered3 replies

LossLead Generation Platforms (Building)

Resold skip trace enrichment for six months, 41% match rate ate the whole thing

Shutting this one down, so here's what it cost. The idea: wholesalers I already did marketing work for kept complaining that their phone numbers were bad. I had a decent pipeline…

monica_tran3SF4CPRO112 replies

LossNote Buying (Performing)

The mortgage only covered the dirt: manufactured home note that cost me 24.3k

51 clean payments, 8.9% note rate, $498 a month, UPB $56,200. Small southeast town, 1.1 acres, doublewide set on a permanent foundation with skirting and a carport. I paid 84 of U…

angela_burkeServicePRO123 replies

WinGround-Up Residential Development (Spec Home Building)

Finished my first spec 11 days early because of a choice made before closing

1,720 square feet, three bed two bath, single story, small city in the middle of the country where the median is around 350. Sold at 392 with a 26 day marketing period. Numbers as…

bmoreno23AB1B2 replies

Story

Pending in four days off nine phone photos, one with a thumb in it

There's a house two streets over from a friend of mine that went up with nine photos, clearly from a phone, held vertical. One of them has a thumb in the corner. The kitchen shot…

chriswalton8CC1CPRO153 replies

DiscussionBroker Owner

If you were signing with a brokerage tomorrow, what would actually make you pick it?

I'm not a broker owner and I'm not licensed. I'm building a list of shops in my market because I'll need one eventually, and I've now sat in four recruiting conversations that all…

devon_pierce Get yoursPRO140 replies

DiscussionLand Subdivide and Sell

First split in your own county, or the county three hours away with the easier ordinance?

This comes up in my inbox more than anything else, so putting it to the room. Somebody wants to do their first two or three lot split. Their home county has a subdivision ordinanc…

nicole_adeyemiPassivePRO145 replies

LossForeclosure / REO Investing

Nine weeks on a pre-foreclosure, then the servicer approved a modification

I mailed 300 letters to a list of notices of default in two zip codes, got six calls back, and one of them was an owner four payments behind on a 1970s three bed I comped at 289.…

jessreyes12AU1APRO16Answered7 replies

DiscussionForeclosure / REO Investing

If the discount is the whole engine, the exit assumption is where this strategy dies

Reading the framing that the deep discount at purchase is the engine and the resale is where the cash arrives, and it strikes me that almost every failure I've read about is on th…

tylerbrooks9PassivePRO4Answered2 replies

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