every post in the forum, newest first
A bridge fund held one loan that represented 18 percent of the portfolio by committed capital. The borrower missed stabilization, requested a six-month extension, and the fund gra…
I'm on the buying side so maybe I see this differently. The flipper I lend to privately has sent me a couple of leads through a loose arrangement we have, and two of them were lis…
The number most operators watch is the nightly rate. The number that actually decides whether the model works is the gap between what a unit costs to hold empty and what it costs…
Say a contractor recorded a lien three months before closing and the seller swore it was paid. The title company issues the policy, the lien waiver never makes it into the file, a…
Most investors assume their buyer's agent needs to know how to find deals, which is true, and how to run a basic cap rate, which is also true, but the skill that separates useful…
The $2,470 spent on those leads looked defensible when the agreement was signed because the vendor quoted a 3.8 percent contact rate on a 1,200-record list of absentee owners, whi…
Closed all four inside 90 days, every one inside his buy box, total fees agreed in writing before I pulled the first address. Now he says the fees felt high once he saw what the n…
I have a 4.3-acre piece outside Fresno under contract at $31k and the end buyer wants agricultural-to-residential before he closes. County says 90 to 120 days minimum. My contract…
The conventional wisdom in this room is that you cap the trailing twelve months of net operating income at the market rate, land on a number, and negotiate from there. That works…
On a textbook BRRRR the hard money clock starts ticking at acquisition, and most people treat the rehab budget as the number that matters. It is not. If the budget runs 8k over, t…
The statement she sends shows gross rent, then her 8 percent fee, then repairs she authorized, and I get a number at the end. That net hits my checking account and I have been rec…
That is the thing I kept reading was impossible to pull off consistently. My guy who runs the installment contracts had a cousin using a 3/1 in Kingsport, Tennessee this way, and…
The whole thing does three things: flags which monthly tenants are current, logs any complaints from the courthouse neighbors, and reminds me to check meter revenue against the pr…
The seller had a well-furnished home, the agent had a staging contract in hand, and the staging company's position was that partial jobs on properties at that price point carry mo…
Lost offer number three last Tuesday, 340k asking, I came in at 338 with a standard inspection and she said I was protecting the money more than I was trying to get the house, whi…
A wholesaler had a property under contract at 187k, assignment fee of 14k, end buyer lined up at 201k. Three days before closing, title flagged a lien the seller had not disclosed…
I have been building townhomes so long that I forgot deals could move this fast. We were under contract inside of five days. Seller was a retired teacher who inherited the propert…
I own the property free and clear after a payoff last March, so there's no senior lender to work around. The number I keep circling is $61,000. That's roughly what the buyer needs…
Closed the Garfield Heights spec last Friday, $287k, bought the lot for $41k in January 2023 and put $164k into the build. That's $82k gross before I back out the $14k in holding…
The framing I see most often treats STR supply as the ceiling on a hotel's ADR, as though the Airbnb listing two blocks over sets the rate floor and the hotel has to go lower to f…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
