every post in the forum, newest first
Take a hard money loan of $55,000 behind a small duplex conversion, a six month interest-only term with a balloon, lent to a contractor known through a mutual connection over seve…
Reading through the new QOF reporting obligations that came in with the permanence legislation, and the framing everywhere is that this is a fund-level compliance burden. Fine. Ex…
Say a local sponsor is building 22 townhomes inside a designated tract and offering a $400k second position piece at 12 percent over a three year term to an investor sitting on ro…
Say two funders quote the same double close. One at a flat 1,750, one at 1.25 percent of the A leg with a 1,500 floor. On a 96k purchase that is close enough to the same money tha…
Take a 152 unit deal, built 1984, purchased at $18.2M with $3.1M of capex planned over about 30 months. Total equity $6.9M. Waterfall is an 8% pref, 70/30 to a 13% LP IRR, then 50…
Getting licensed at the moment, and my first real listing was a 36-lot park a family had owned since 1978. Not my money, so this isn't my win exactly, but I sat inside the whole t…
44-lot park, 32 occupied, 12 vacant pads with what the seller says are live water, sewer and electric stubs. Lot rent is $340 and collections look decent on the 32. Dealer quoted…
A scenario for the room. Someone builds a disposition service for operators who put distressed high-value houses under contract and then discover they have nobody to sell them to.…
The luxury wholesaling material leans hard on the phrase "off market distressed estate", and plenty of people in the analysis stage nod along at it for months without pinning down…
Working through a decision that seems to split people every time it comes up, and I want to see where this room actually lands. Setup, roughly. Rehab is done, tenant is in, and yo…
I have been sitting in on a wholesaler's dispo calls for about six weeks and he does it two different ways depending on who he is talking to. With his regular buyers he tells them…
Sat with an owner at 27 days to the sale, motivated, no hostility, and I had a one page purchase agreement in the folder with a ten day diligence out. I didn't pull it out. Went h…
Take a buyer under contract on a 4 unit whose agent mentions in passing that her transaction coordinator charges $450 and that it will appear on the closing statement. Most buyers…
Take a small duplex purchase, financed rather than cash. Hiring a transaction coordinator is a common step for exactly this kind of file, since a TC takes the signed contract and…
Two identical lots, same 1,900 square foot plan, budget of 268,000 vertical on each. Carry runs me about 2,900 a month once the loan is drawn up, so five months from framing to cl…
Had a deal last month, small three bed in a working class pocket, contract at 92, comps supporting somewhere in the 150s with real work. I put it out at a fixed 104 and it was gon…
Someone who has read every listing in a rural county for years, and knows what things actually sold for, often ends up fielding questions from landowners about their properties, s…
The retainer model comes up often on the service side for people who want income without capital and without a second full time job. A typical draft looks like this: $1,500 a mont…
Here is a scenario worth working through. A buyer moves slowly and knows it. Two years of looking, no purchase, mostly because the small multifamily they want at the price they wa…
Take a luxury listing, 5,400 square feet, built 2006, top decile of a secondary metro, seller basis around $2.31M plus about $180k of deferred work completed before listing. Liste…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
