Loading the forum

Rena is not an investment adviser. Nothing in this forum is investment, legal, or tax advice.

Terms Privacy Forum rules

FORUMThe Rena Forum

All 132 real estate strategies.Every room answered.

Post something

Search the forum

Start with a RE category

ActiveYou do the work PassiveYou own it, someone else runs it ServiceYou get paid to help CapitalYou put up the money All

Next, pick a strategy

Then pick the type of post

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

Newest posts

the latest across all 132 rooms, newest first

Newer

From the desk:Real Estate Photography / Video / 3D

Half a two-shooter photo business for $60k, and the seller keeps saying passive

I want income that doesn't turn into a second job, which is why I've stayed on the property side. But someone I know reasonably well is selling half of his real estate media busin…

priya_n21PO1CAnswered4 replies

DiscussionLarge Multifamily / Apartments (20+ Units)

Which part actually changes between 4 units and 20?

I'm still preparing, no apartment deal of my own, and I've been trying to work out what people mean when they say twenty units is a different animal. I own nothing at that scale s…

ehernandez74PO2BPRO76 replies

DiscussionMedical Office Buildings

The buildout that keeps a tenant for 20 years is the same buildout that makes the building unsellable empty

I've been trying to talk myself into a small multi-tenant medical building and I keep running into the same loop. Everything I read says the specialized improvements are the moat.…

11Rrenee_dubois Get yours11 replies

WinLarge Multifamily (Institutional)

Deployed $22M in three tranches over 14 months instead of one, blended to $184k a door. The pacing rule held, the operator relationship nearly didn't

First full program I've been responsible for placing, and the thing that worked was refusing to fund it all at the first close. Mandate was $22M into multifamily, patient money, n…

39Sstephen_ok9CO2CPRO421 replies

Story

The seller sent me a P&L that was a photo of a spiral notebook

Eleven units, one owner since 1996, listed by a broker who clearly had never seen the inside of the books either. I asked for two years of profit and loss statements and trailing…

dpatel_reCS4A3 replies

DiscussionMicro-Wholesaler Networks

do these groups actually share logins for their software or is that just what I was told

Property management is my day job, so I know what it costs to run software for a small operation. Somebody in a wholesaler group invited me in and said the four of them split one…

tonyv88SO4CPRO6Answered3 replies

LossMicro-Wholesaler Networks

Referred three deals to a group on a handshake and got paid on one

I do renovations and I keep bumping into sellers who don't want a rehab, they want out. I can't use those, so last year I started handing them to a five-person wholesaling group a…

omar_haddadActivePRO17Answered4 replies

DiscussionMarketing / PPC Agency (Real Estate)

Retainer, per lead, or a cut of closed deals: which one actually aligns anybody

Working out how to pay for lead gen when I start buying, and every structure I look at breaks in a different place. Flat retainer plus ad spend is the standard. The agency gets pa…

devon_pierce Get yoursPRO142 replies

LossHouse Hacking

The ADU rent that qualified me was $350 above what it actually leased for

Closed in the fall on a one unit with a detached studio over the garage, $415k, 5 percent down, owner-occupied conventional. I qualified partly on projected rent from the studio,…

diane_kowalskiPassivePRO14Answered16 replies

DiscussionHouse Hacking

Is a rented spare bedroom really the same strategy as buying a duplex?

Reading through the definitions and it feels like two different things got filed under one name. Buying a fourplex with FHA money and occupying a unit is a financing structure wit…

26Ddmitri_v6CapitalPRO7Answered1 reply

DiscussionSelf-Directed IRA (Capital Deployment)

Same sponsor, same deal: 8 percent preferred equity or a 10 percent loan for the IRA money

A sponsor I've followed for a while is capitalizing a value-add deal and gave me two ways in with the same 150k. Preferred equity at 8 percent current with a share of the upside,…

31Hhannah_west29 Get yours0 replies

From the desk:CRM Setup / Systems Consulting

$5,800 to build a CRM for six LP positions. Wrong tool entirely?

I've got six passive positions across four sponsors, plus about a dozen sponsor relationships I want to keep warm for the next raise. Right now it's a spreadsheet, a folder tree,…

18Sstephen_ok9CO2CPRO4Answered3 replies

DiscussionCRM Setup / Systems Consulting

Following up with 6 applicants doesn't feel like it needs software

My first rental is close and I've been building out my screening process, criteria in writing, same questions for everyone, documented reasons for every decision. Someone in anoth…

paulgrant17PassivePRO7Answered1 reply

DiscussionMortgage REITs (mREITs)

Does an mREIT count as my real estate holding or my bond holding

I've been sketching out how private capital gets allocated across buckets, and mortgage REITs broke my sheet. I had one line for real estate and one line for credit, and I couldn'…

chriswalton8CC1CPRO153 replies

DiscussionLive-In-Then-Rent

FHA self-sufficiency test on a triplex is wrecking my sequencing plan

Small multifamily is where I actually want to end up, so the plan was to run the live-in-then-rent chain through 2 to 4 unit buildings instead of houses. One building a year, live…

23Rrenee_dubois Get yoursAnswered2 replies

From the desk:Live-In-Then-Rent

DTI at 47 on acquisition three, and every lender wants something different

Two done, going for the third, and this is where the qualification problem stops being theoretical. Property one: bought at 3.5 percent down, PITI 1,640, leased at 1,975 for the l…

ehernandez74PO2BPRO7Answered8 replies

From the desk:Timberland / Vineyards / Orchards

An almond block on 118 acres with a water allocation I can't underwrite

This is off my usual path. I run small multifamily, and every unit I own has taught me something, so I know exactly how much I don't know here. But I got shown a 118 acre almond b…

23Rrenee_dubois Get yoursAnswered13 replies

DiscussionTimberland / Vineyards / Orchards

What does it cost to even start in this, timber vs vineyard, in actual dollars

Everything I read about timberland is written for people buying 20,000 acres. I'm at the other end. What's the realistic smallest way in, and what are the ongoing costs nobody lis…

megan_doyle15 Get yoursAnswered3 replies

LossHome Staging

bought 1,900 of decor for a friend's listing, sold it back for 540

No deals of my own yet, so when a friend listed her place I offered to handle the staging as practice. Figured I'd learn something and end up with inventory for later. Spent 1,900…

jordan_ellis2ActivePRO91 reply

LossMortgage Brokerage

Pre-approval said I qualified for $340,000. Underwriting said $190,000, eleven days before closing

First attempt at a small duplex, $268,000, both sides rented. I went to a broker because two banks had already looked at me funny for being self-employed. He took my paperwork, as…

aaron_fitz10 Get yoursPRO156 replies

More threads

THEFORUMThe Rena Forum

Newest posts

FORUMThe Rena Forum