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From the desk:Live-In-Then-Rent

Does my duplex carry itself once I move out?

I live in one side of a duplex I bought a bit over two years ago. Both sides are identical, two bed one bath. My side has been my home the whole time, the other side rents for 1,3…

29Rrenee_dubois Get yoursAnswered4 replies

DiscussionLive-In-Then-Rent

Does the 30 percent equity overlay on departing residence rent stop property three?

Modeling acquisition three on paper before I commit to anything, and the lending side is where it falls apart. Current picture I'm working from: property one PITI $1,850, market r…

nicole_adeyemiPassivePRO14Answered1 reply

DiscussionBRRRR Method (Active Operator)

Seasoning period killed my repeat cycle, how are people bridging the gap?

My lender wants 12 months of ownership before they'll do a cash-out refi at appraised value. Before that it's purchase price plus documented improvements, which on a place I bough…

29Ttashaford30PB2APRO45 replies

WinBRRRR Method (Active Operator)

First one worked. The six weeks between tenant and refinance nearly killed it.

Not an operator by trade, I do service work around this business, but I wanted one of these for myself and it's done. Small two bed, bought at 96k on a private loan from someone I…

derekj19SB1B1 reply

Story

The agent came in 20k under my aunt's number and drew why on a flyer

My aunt is 78 and finally selling the house she raised four kids in. I got dragged along to the listing appointment because I'm the one in the family who supposedly "knows real es…

priya_n21PO1C10 replies

DiscussionData Centers (Passive Hold)

Does a data center sleeve count as real estate in your allocation, or as something else?

I was filling in my own allocation sheet and got stuck on where to put this. On paper it's a building with a lease, so it's real estate. But when I read the actual drivers, they'r…

31Ddmitri_v6CapitalPRO7Answered2 replies

DiscussionProbate Real Estate Investing

Reverse mortgage payoff of 182 on a 240 ARV, five heirs, one won't answer anyone

Numbers first. ARV around 240, needs maybe 35 in work, so I want to be in at 145 to 155 for it to be worth touching as a flip. There's a HECM reverse mortgage on it and the servic…

jessreyes12AU1APRO16Answered4 replies

From the desk:Probate Real Estate Investing

There's a tenant nobody mentioned and the lease is a page from a notebook

Closed three weeks ago on a duplex out of an estate. 1920s side by side, both units 2 bed, market rent around 1,250 each in a working class part of town where the numbers still ma…

31Bbrandonlee36PassiveAnswered7 replies

DiscussionSection 8 / Government-Assisted Housing

Abatement threat over a bathroom fan on unit 3 while units 1 and 2 are clean

Housing authority did an annual on a three-unit I manage the maintenance side of. Units 1 and 2 passed. Unit 3 failed on bathroom ventilation, the fan runs but the inspector says…

monica_tran3SF4CPRO11Answered5 replies

LossSection 8 / Government-Assisted Housing

Four reinspection cycles on a three unit, and the vacancy ate a year of margin

Closed on a 1920s three unit in a blue collar pocket of a mid-size metro last spring. Purchase was 214k, I'd budgeted 28k of work, and the plan was to place voucher holders in all…

carlos_nunezActiveAnswered21 replies

WinCRM Setup / Systems Consulting

A $29 a month renewal workflow kept two tenants I would have lost

14 units across three small buildings. My actual problem was never leads, it was that I found out someone was leaving when they told me they were leaving, usually 30 days out, and…

21Rrenee_dubois Get yours2 replies

DiscussionTimberland / Vineyards / Orchards

Forester says wait on the thinning. At what point is waiting just a story you tell yourself?

Small tract, pine, first commercial thinning is technically due. A thinning is where you cut maybe a third of the stems to give the rest room to grow, and the wood that comes out…

joe_delgado5AP4CPRO41 reply

From the desk:Driving for Dollars

Same owner name on two neglected houses six doors apart

Both houses are on the same block. One has plywood over a front window and a tarp held down with tires on the back half of the roof. The other looks fine at a glance except the la…

luis_carrera Get yoursAnswered1 reply

DiscussionDriving for Dollars

Does a driving route ever justify paying someone else to drive it?

Thinking about this from the capital side rather than doing it myself. If a driver covers say 60 to 80 addresses per hour in a dense grid and you pay $20 an hour plus mileage, you…

chriswalton8CC1CPRO15Answered3 replies

From the desk:Appraisal

Supervising a trainee costs me 22 hours a month. The payback keeps sliding.

I took on a trainee in August. My state requires supervised hours before he can sign anything on his own, and the hour count and the co-signature rules vary by state, so anyone re…

monica_tran3SF4CPRO11Answered16 replies

From the desk:Appraisal

The earnings on this two-appraiser shop don't survive the AVM math

A residential appraisal firm in a mid-size metro is for sale. Two certified residential appraisers, both owners, one trainee about 700 hours into supervised experience. Broker pac…

wendy_park48CapitalPRO15Answered22 replies

DiscussionAppraisal

Appraiser wouldn't count my finished basement in the square footage

I finished 900 square feet of basement myself, permits pulled, egress window, proper heat. House shows 1,600 above grade. The appraisal came back describing it as 1,600 square fee…

gregpowell66AG4BPRO12Answered2 replies

DiscussionMicro-Wholesaler Networks

what do I bring to one of these groups if I have zero buyers

I've been driving neighborhoods and I have about 400 addresses with owner names off the county site, no phone numbers yet. I spend maybe $60 a month on this, mostly postcards. No…

devon_pierce Get yoursPRO14Answered1 reply

LossMicro-Wholesaler Networks

Handed 14 rural acres to a house group, where it sat eleven weeks

I mostly buy land and hold it, so this was me stepping outside what I know. A seller I'd talked to for two years finally wanted out of 14 acres, mixed timber and pasture, county r…

karen_whitfieldPG4APRO7Answered4 replies

DiscussionAgricultural Land / Farmland

Farm manager at 8 percent of the rent, or run the lease myself from three states away

I'm putting together a service business around real estate, which means I read a lot of management agreements, and last week I read my first farm management agreement. It was for…

mikeoconnell7SP2APRO1721 replies

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