every post in the forum, newest first
A seller sent me a one-loan tape. First lien, UPB 88k, borrower 26 months down, asking 31k, BPO 104k. The notes column just says "collateral file incomplete, missing intervening a…
Here is a scenario worth working through. A small seller offers a one off note: balance $71,400, borrower has not paid since March 2024, ask $28,000. Single family, 1,340 square f…
Take a coaching program worth working through as a live scenario. Eight weeks, 1,900 dollars, cap of eight seats, aimed at people buying 50k to 90k houses in towns under 5,000 peo…
I research land and holding patterns, and I've started testing what a general AI model actually gets right about my area. I asked it to walk me through a lot split, what a percola…
I'm still finishing my licensing hours and the broker I'm shadowing gave me a broker opinion of value to draft on a 62-key hotel in a secondary market, mostly as an exercise. I sa…
A case worth studying, because the shape of it repeats. Say an investor sells two low price point single families in a small market, clears about $60,000, and does not want to be…
A first-time buyer leaning toward a live-in flip usually runs into the loan before anything else. The houses that make sense for the strategy have no kitchen, or a bathroom stripp…
Take a 1,900 sq ft two story bought 19 months ago for $312k with about $8k in closing costs, with $68k invested since, mostly kitchen, two baths, windows, bringing basis to roughl…
A listing marketing service built around flyers, a social set, and a listing description rewrite, priced per listing rather than by retainer, tends to produce volatile months, str…
A question that comes up for tradespeople who are already on site: agents ask them to shoot photos and put together the listing flyers. Anyone from a construction background is us…
Bought a 1960s triplex in a first ring suburb for $520k with FHA at 3.5 percent down, so $18,200 down and about $12,000 in closing costs and prepaids. PITI with the mortgage insur…
Seen from the lender's chair, house hacking is the one owner-occupied product where the borrower's ability to pay depends on a third party showing up with a check every month. A r…
A self-directed IRA choosing between owning a rental outright or holding a private note secured by real estate is really choosing between two different compliance and risk profile…
Two schools of thought show up often on who should post the deposit in a reverse wholesale structure, and they pull in opposite directions. One approach is for the wholesaler to f…
Worth studying: a wholesale deal on a 1,450 square foot two story in an older working class neighborhood, contracted at 121,000 with an end buyer at 135,300, a 14,300 spread. The…
Deal was 118k on a 3/2 in a first ring suburb, going out at 133k, fee 15k, split 60/40 to my partner because he brought the seller and I brought the buyer. My first real fee and I…
I'm two years out of a different career and running the numbers on a live-in flip before I commit, and the piece I can't resolve is basis. Say purchase at $265,000, and over 26 mo…
Second position lending against a live in flip borrower is different enough from standard rental or flip paper to be worth laying out as a structure. Take a borrower 14 months int…
Here is a mismatch that shows up in a lot of small mixed-use lease packs. Take a corner building, five apartments over two storefronts. The commercial lease says the tenant pays i…
Six months of looking and this is the first thing I've written an LOI on, so tell me what I've got wrong. Secondary midwest city, edge of a downtown that's had two zoning changes…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
