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DiscussionReal Estate Agent (Buyer's Agent)

Is "buyer's agent" its own license, or just a hat someone wears?

Trying to get the vocabulary straight before I talk to anyone. My understanding was that there's a buyer's agent license and a seller's agent license, and you pick one. Then a fri…

derekj19SB1BAnswered1 reply

LossReal Estate Agent (Buyer's Agent)

Found out nine days before closing that nobody was paying my agent

Bought a 318k three bedroom, my second property. I do a lot of due diligence on everything except, apparently, the thing I signed on day one. My rep agreement said 2.5%, 7,950 at…

marcus_hale41CG4AAnswered9 replies

WinHome Staging

charged 400 for a staging consult with no furniture. sold in 12 days.

I've been poking at the service side for a while and kept getting stuck on the same wall: staging means owning furniture, owning furniture means a warehouse, and I have neither. S…

derekj19SB1BAnswered5 replies

Happening NowSingle-Family Rentals (SFR)

1,600 miles from the only houses I can afford

I left a warehouse job in March and I have 34k saved. Nothing near me trades under 400k, so every house I can actually buy is in two midwest metros I've never been to, where 3/2 h…

bmoreno23AB1B2 replies

DiscussionSingle-Family Rentals (SFR)

There's a 20 percent rental cap in the HOA docs and my agent shrugged

Looking at a 3/2 in a subdivision built maybe eight years ago, about 90 houses, and the price and rent look like they'd work for me on a first rental. Then I pulled the CC&Rs off…

nicole_adeyemiPassivePRO142 replies

PollCorporate / Furnished Housing

Sixty percent of my corporate nights come from one channel

I have six furnished doors now and I pulled the source of every placement since I started. Four of six units filled last year through the same corporate housing marketplace, which…

19Bbrandonlee36Passive8 replies

PollSenior Housing (Independent Living)

Two thirds of my building is already over 60. The broker wants me to go 55-plus.

Bought this building six years ago as plain garden-style multifamily in a mid-size sunbelt market. It drifted old on its own. Last count, 27 of 41 households have someone over 60…

22Bbrandonlee36Passive10 replies

LossCommercial Development

The second capital call finished my $50k in a ground-up medical office

This was my second LP position ever and my first development deal. A 22,000 sf medical office building on a suburban outparcel, total project around $9.4M. The sponsor had done fo…

chriswalton8CC1CPRO15Answered6 replies

DiscussionCommercial Development

Broker keeps saying the land is entitled, city says we need site plan approval

The listing calls a 3 acre parcel "fully entitled for 30,000 sf of flex." I called the planning department to ask a basic question about setbacks and the person told me there's no…

32Bbrandonlee36PassiveAnswered2 replies

DiscussionLive-In Flip

if I'm the money and someone else lives in it, does the tax break disappear

Still learning how private money actually moves, and this strategy confuses me on that front. The whole appeal is the exclusion, but the exclusion belongs to the person living the…

chriswalton8CC1CPRO154 replies

PollLive-In Flip

Self-perform across 24 months, or hire it out in four and just live there clean?

Running the two versions of this against each other and they don't converge, so I'll put it to the room. Version A is the standard picture. You buy the ugly house, move in, and do…

jordan_ellis2ActivePRO92 replies

DiscussionMultifamily Property Management

Owner sent me a term sheet saying 3.5% of gross collected revenue, 3.5% of what exactly?

I've been talking to an owner group about taking over a 180-unit garden community and their draft term sheet says 3.5% of gross collected revenue plus a leasing incentive. I assum…

mikeoconnell7SP2APRO17Answered6 replies

Happening NowMultifamily Property Management

Pooling three site techs regionally, and the 118-unit is what scares me

We run 410 units across three properties for two owners, fee is 3.5% of collected revenue plus a turn coordination fee. Owner on the bigger asset has been on me about controllable…

monica_tran3SF4CPRO11Answered1 reply

PollMixed-Use Properties

Everyone tells me a storefront under apartments is harder to finance. Harder how?

I'm planning my first purchase and the shape I keep coming back to is small, four apartments over one or two commercial bays in a walkable older neighborhood. Two brokers and one…

10Ttashaford30PB2APRO43 replies

PollCold Calling / SMS Lead Generation

Calls or texts first when you have 4,000 records and one person

I own 18 units across three small buildings and I've started pulling owner records on the older stock nearby, mostly 4 to 12 unit places with long-tenured owners. I have about 4,0…

11Rrenee_dubois Get yours6 replies

PollMixed-Use Properties

6,000 feet of ground floor: one bay for a grocer at $14, or four bays at $26 each

Toured a building going up in a mid-size market, 28 apartments over 6,000 square feet of raw ground floor shell. The developer is selling it before stabilization and he's open abo…

bmoreno23AB1B7 replies

Happening NowBookkeeping (Real Estate)

Six landlord prospects, no price I believe in yet

Six prospects out of a landlord meetup, all of them complaining about the same thing, none of them yet quoted. I've been building the offer for three weeks and the pricing is wher…

mikeoconnell7SP2APRO17Answered11 replies

DiscussionBookkeeping (Real Estate)

One bank account for two rentals, or one each?

Two single family rentals, both closing under the same LLC. I read a thread where someone said you don't need separate bank accounts per property because you can use class trackin…

jessreyes12AU1APRO16Answered2 replies

DiscussionMicro-Wholesaler Networks

Where does the money actually come from if nobody in the network has capital?

Trying to understand how private capital moves and this model confuses me. Everyone in a micro-wholesaler network is small and part-time by definition. So when a deal needs a doub…

chriswalton8CC1CPRO15Answered4 replies

Happening NowMicro-Wholesaler Networks

25% of a closing statement I'm never allowed to see

Been building a texting and skip trace list for about seven months. Spending $640 a month on data and sending, and I'm getting around 9 real seller conversations a week out of it.…

devon_pierce Get yoursPRO14Answered2 replies

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