every post in the forum, newest first
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.…
I have about 240k I want to put into multifamily and two live options in front of me. I'm on the capital side by temperament, meaning I'd rather read documents than fix toilets, b…
Two operators have approached me in the last month and they want opposite things. The first wants deposit money. He's got sellers who won't take a 5k good faith check on a 1.9M ho…
Two structures come up constantly for anyone sourcing property on behalf of a named buyer, and it is worth being precise about what separates them. Shape A: the sourcer signs the…
A common dilemma for new virtual wholesalers is choosing between two shortlisted out-of-state markets with decent price spreads and plenty of listed cash sales, versus starting in…
Closing on my first flip in three weeks and staging is the one number in my sheet I keep changing every time I open it. House is 1,580 sq ft, three bed two bath, in a subdivision…
A typical stager's agreement rewards a second reading, because the fee structure is stranger than most sellers expect. There is a design fee that is non refundable, then an instal…
Take two counties with roughly 310 new default filings a month between them. Pulling the last 90 days shows what a real campaign costs. Five touches at about 1.10 apiece is 5.50 a…
Bird dogging keeps coming up as the answer for people with no money, and that is fair as far as it goes. But nearly every description frames it as a stepping stone to wholesaling,…
Over about three weeks of driving the same four streets on my way home I've written down 11 houses. Tarps, waist-high grass, mail visibly stacked in one door, a code enforcement n…
Consider a small joint venture on four furnished units, roughly $38,000 of furniture and housewares against about $1.1 million of real property. One common structural pattern has…
I've been going back through the NCREIF farmland numbers because a fund deck I got handed leaned hard on the recovery story and skipped past what happened before it. The facts as…
I've got 90 days into this and no deals, so take my framing as a beginner's framing, but I've now heard two experienced people in this room describe completely opposite machines a…
Everything I read about probate says build attorney relationships, they'll feed you deals. Nobody explains what that looks like from the attorney's side. Why would a lawyer whose…
Five weeks of calling instead of pulling lists. I pulled cash deeds from the county recorder going back 18 months, flagged anyone who bought twice, got 41 names, reached 11 humans…
Seen from the capital side, reverse wholesaling reads backwards from the usual model, and the first step is the murky one. Everyone says get the buyer first. But what does that co…
Six weeks into calling owners of unimproved rural parcels, mostly 10 to 40 acres, mostly held by people who live somewhere else. This is my own list, pulled from county records in…
Worth working out how much of this sits on the investor. One position holds that hiring a vendor does not move the liability off the investor, because the calls are made for the i…
Even careful underwriting can miss the mechanics of a structure it hasn't run before. Take a double close: A-B at 224k, B-C at 259k, same day, cash on both ends, 35k in the spread…
Run a side by side for a small rental inside a Roth, all cash against non-recourse leverage, and the all cash column usually wins by more than people expect at first pass. Say a 2…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
