I'm getting licensed and working out what else I can be useful for, and this room keeps describing problems that sound like someone else's job. Out-of-state buyers can't inspect.…
Read something that said if you originate more than a couple of owner-financed loans you become a mortgage lender and need to be licensed, and that there are rules about balloon p…
Capital side, still deciding where to put money, and I'm trying to understand this method as something I might fund rather than do. A data vendor can hand me every property in a m…
Talking to an owner who wants someone to handle placements and turns for three furnished units aimed at corporate tenants. Before I say yes I want to understand exactly where I st…
A contractor I've worked with keeps asking me to fund his next rehab at 11% interest plus two points, twelve month term, first position on a house I've walked through. Meanwhile t…
I'm trying to work out where someone like me sells services into this rather than putting up capital. If an operation is bidding on a few hundred certificates a season, what parts…
Four deals in, and every agent I interview says they work with investors. Then I ask what cap rate the last small multifamily in the submarket traded at and I get a blank. I've st…
Trying to write down everything I'd pay between putting a lot under contract and pouring footings, and my list keeps growing. So far: plan set, boundary survey, topo, soils report…
Numbers first. 250k purchase, 25% down at 62,500, closing costs and reserves roughly 9k. Buyer agreement in front of me says 2.5%, so 6,250. Listing side is indicating 2% willing,…
I've spent about four months comparing the three entry points and I keep going in circles, so let me put the actual constraint down. I have roughly $95k liquid and a hard money re…
A seller I've been talking with is carrying a $180k note at 9% on a house he just sold. Someone in another conversation told him his yield might be 11%, or might be 6%, depending.…
48-lot park, city water on a single master meter, no submeters at the pads. The P&L the broker sent shows water/sewer expense of about $1,900 a month and a separate line called "w…
I've held raw land for years and never had a tenant, so the fee mechanics are new to me. A manager quoted me 10 percent and I assumed that meant 10 percent of the $1,700 rent, so…
I own a small rental free and clear, inherited it, and I'd honestly rather have a monthly check than a pile of cash I have to figure out what to do with. Two people have asked abo…
Running a small service team, so I'm looking at this partly as something I might operate for owners and partly for myself. What I can't work out is the tooling. For nightly rental…
Two offerings sitting side by side on the same platform, same asset. One is senior debt at 9% fixed, monthly pay, 24 month term. The other is common equity in that building, 15% t…
Working through a public non-traded REIT prospectus and the share class mechanics don't reconcile for me. Class T carries a 3.0% upfront selling commission plus a 0.5% dealer mana…
Priced a 700 sq ft detached at $150,000 hard cost, which I was comfortable with. Then the site work came in. Existing 4 inch clay lateral, plumber won't tie a second dwelling into…
Five years in with my service business and my office has been a bedroom in this house the whole time. Roughly 12 percent of the square footage, and my accountant has been taking d…
Sitting with a 1978 concrete frame office building, 11 floors, 22,000 sf plates, post-tensioned slabs. Perimeter glazing is continuous strip window, sill at 30 inches, so the dayl…