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Here is a set of planned numbers for virtual wholesaling in a single out of state market, the kind a newcomer to the strategy would rather have corrected early. Ten thousand text…
Eighteen months ago I was reselling VA hours into small investor shops at $22/hr and losing bids to anyone willing to go to $19. Margin was about 34% and shrinking. I finished the…
Some due diligence only happens by showing up. Take an investor who has spent months reading about a target county and finally drives to the local housing authority office with no…
Paper notes confuse a lot of people for months, and the cleanest way to learn them is to study the smallest deal that still has real collateral behind it. Take a note with a $27,4…
I do renovations for a living, so land was the odd thing in my portfolio for a long time. This one closed out in the spring and I think the useful parts are the boring ones. Bough…
A guy I did some framing work for years back is now wholesaling and he told me his attorney does his assignment paperwork for $500 flat, whatever the deal size. He made it sound l…
Under contract on a 4-unit, $620k, all cash from a private lender who is taking a first position but the loan closes after, so the purchase itself lands as a non-financed transfer…
Draft co hosting agreements often carry two clauses that do not sit together. One says the co host will be added to the owner's existing Airbnb account. Another says the co host i…
Take three small one bedroom cabins on a shared gravel lot, already furnished, run by the owner off her phone for two years and now ready to hand off. A common offer in this situa…
Two investors, two completely different answers, same week. The first one told me to send him a couple and if he likes what he sees we'll talk about money. Friendly guy, buys mayb…
Consider an investor whose tax advantaged space is close to full, so the incremental dollar has to go into a taxable brokerage account. The standard line is that REITs belong in t…
I opened a brokerage account, put 2,000 into a REIT index fund because a book told me it was the easiest way to start in real estate, and now I'm looking at the holdings list and…
Looking at two LP offerings on the same rough size, both 90 to 110 keys, both in secondary markets, and the only real structural difference is affiliation. One is a hard franchise…
Take a nine unit brick walk-up in an inner-ring suburb managed for a family LLC, where a redlined management agreement dropped the manager's spending discretion from $750 per work…
I bought this in my second month of looking, which tells you most of what you need to know. 2.5 acres, listed on a land marketplace at $7,900, closed at $8,900 with fees and the d…
Plenty of town websites list a short term rental registration, a transient occupancy tax account, and a general business license as three separate items with three separate fees.…
Bought a 3/2 ranch about a mile from a regional hospital campus in a mid-size market, $265k, 20% down, $22k to furnish it properly. All in cash at $83k including closing. Year one…
I'm about to close on my first rental but my brother in law wants me to look at a shell his neighbor is selling, and it's a proper gut. No kitchen, no furnace, back wall opened up…
This one's finished and closed, so I can give the whole number. 1,380 sq ft bungalow, bought at 118 with hard money. Scope was a real gut: full rewire, all new supply and waste, H…
I'm mostly a long-hold land person so this isn't my usual lane, but I've had two people this month describe themselves to me as bird dogs and they clearly meant different things.…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
