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LossOpportunity Zone Investing (Passive Angle)

Wrong start date on my 180 days cost me the deferral on $76k

Small portfolio, sold a duplex in a rough spot last year, gain about $76k. I'd decided to put it in a QOF and I had one picked out, decent multi-asset fund, $50k minimum, I was go…

18Bbrandonlee36PassiveAnswered4 replies

DiscussionAssisted Living / Residential Assisted Living (RAL)

Is a residency agreement with 30 days either side a lease or not?

I'm reading the paperwork on a licensed 6-bed home before I get too far in. The residents sign a "residency agreement," 30 days termination either side, and there's a separate rat…

paulgrant17PassivePRO7Answered1 reply

From the desk:Assisted Living / Residential Assisted Living (RAL)

The lease clause leaves my landlord entity holding nothing

The clause I got stuck on last night says the tenant operating company "shall maintain all licenses and approvals required for the permitted use," and then five pages later says t…

28Ddmitri_v6CapitalPRO70 replies

DiscussionInvestor-Friendly Real Estate Agent

Interviewing two agents and they are opposite kinds of useful

I've been at research for six months with nothing closed, and I finally sat down with two agents in the same week. First one owns nine rentals himself, has had a license for eleve…

jordan_ellis2ActivePRO96 replies

From the desk:Medium Multifamily (5-20 Units)

One seller, two buildings next door, and the smaller one is legal nonconforming

I've spent most of my time on dirt, so this is me stepping sideways into something I only half understand. Seller owns two adjoining buildings on two separate tax parcels. The 9-u…

nicole_adeyemiPassivePRO1416 replies

DiscussionReal Estate Agent (Listing Agent)

Seller in my target block wants to list with zero buyer-agent compensation advertised anywhere

A neighbor two streets over is selling a 1960s split level and her listing agent has told her she doesn't have to offer anything to the buyer's side, so she's planning to offer no…

devon_pierce Get yoursPRO143 replies

DiscussionReal Estate Agent (Listing Agent)

What am I signing away with an "exclusive right to sell"?

I build, mostly framing and additions, and I'm starting to look at the sell side because I want to understand who I'm handing my houses to. An agent sent me a listing agreement to…

gregpowell66AG4BPRO128 replies

From the desk:Dual Agent

Pricing the conflict into my listing agreement, sixth deal with the same brokerage

I've got two rehabs finishing inside three weeks and I'm renegotiating my listing agreement with the brokerage I've used for the last five. They want 2.5 on the listing side plus…

omar_haddadActivePRO170 replies

DiscussionDual Agent

Dual agency consent mid-deal when my agent's colleague brings the buyer

Situation I'm sitting in. I have a property listed with a small brokerage, four agents total. A buyer walked in off a sign call and one of the other agents at the firm wants to wr…

carlos_nunezActive4 replies

WinProbate Real Estate Investing

The reverse mortgage payoff nearly ate my first probate buy

The payoff quote came back at $151,400 on a house I had under contract for $142,000, and for about ten days I was sure I'd burned five months for nothing. The deal: 1958 ranch, 3…

8Ttashaford30PB2APRO4Answered28 replies

DiscussionProbate Real Estate Investing

Funding a probate purchase when the daughter signed before her letters were issued

Borrower wants 140k on a 200k ARV, 30k rehab, and the purchase agreement is with an estate. The daughter signed as the one handling everything, and from the paperwork it looks lik…

sonia_alvarez Get yoursPRO6Answered7 replies

LossVirtual Wholesaling

Assignment died at the table over a fee disclosure that was never in my contract

First and probably last virtual attempt while I wait on my rental to close. Writing it up because the failure point wasn't where I was looking. Deal shape. Single family, 1,340 sq…

paulgrant17PassivePRO76 replies

LossCrowdfunding (Platform Investor)

Three platforms, one bet, which I only saw afterward

Service business pays the bills, so the investing side is meant to be hands off. Over about two years I put $88k into eight equity positions across three platforms, deliberately s…

monica_tran3SF4CPRO115 replies

WinOffice Buildings (Passive Hold)

Bought a 1998 suburban building at $58/sf because the anchor signed a renewal 11 days before closing

64,000 sf, four stories, built 1998, an inner ring suburb with a real amenity base within walking distance. Seller had a loan coming due and had already agreed with the lender to…

joe_delgado5AP4CPRO46 replies

DiscussionAdaptive Reuse (Capital Deployment)

every conversion that pencils seems to have an abatement attached to it

I've been reading through announced office-to-residential projects and the ones that actually reached a closing almost all have some conversion-specific tax program, an abatement,…

19NnataliehsuSO1BPRO108 replies

From the desk:Adaptive Reuse (Capital Deployment)

Is the cost line real on a 210,000 sf office going to 180 apartments?

A client of mine does interior work for a sponsor and passed me their offering deck because I asked too many questions on site. I am on the service side, so this is me trying to u…

derekj19SB1B11 replies

WinNote Buying (Non-Performing)

First non-performing note closed out at month seven. $41k in, $58k out.

I bought one note last year to find out whether I could do this at all. UPB $88,400, arrears $14k, paid $41k. Small three bedroom in an older inner-ring suburb, occupied by the or…

31Sstephen_ok9CO2CPRO40 replies

Story

My refinance came back with no appraisal at all, which took me two days to believe

Refinancing a small rental I've owned a while. I had budgeted for the appraisal, maybe five hundred, and I'd blocked out an afternoon to be there. Then the loan officer emails and…

27Sstephen_ok9CO2CPRO411 replies

WinHard Money / Private Lending

First time lending: $75k for 7 months, and the paperwork outlasted the deal

I've been planning a first rental purchase for about a year and the money has been sitting in a savings account earning something embarrassing. A flipper I know through a local me…

10Ttashaford30PB2APRO4Answered12 replies

DiscussionLive-In Flip

Buy the worst house on a good street, or a mid house on a great street?

I've been looking at live-in flip candidates for about two months and the two shortlists I keep making are completely different houses. One is the tired 1960s ranch on a street wh…

bmoreno23AB1B0 replies

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