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LossBRRRR Method (Passive Angle)

Ran out of money for the fourth one and did not see it coming

This is the ceiling I keep talking about and I finally hit it with numbers attached, so here they are. Started with 140k of my own cash 26 months ago. Plan was four single family…

samantha_ruizAU4APRO55 replies

DiscussionLive-In-Then-Rent

Where is the 12 month occupancy requirement actually written down?

I've been reading loan documents rather than blog posts, which may be why I'm confused. The security instrument I looked at has a covenant saying the borrower will occupy the prop…

wendy_park48CapitalPRO15Answered1 reply

Happening NowLive-In-Then-Rent

Adding up what the first one actually costs, including the year-two conversion

I've been building a spreadsheet for months and I want somebody to tell me what line is missing. Target is a 285k three bed in a working neighborhood about 25 minutes from where I…

aliyah_bAU2APRO9Answered4 replies

WinHotels (Capital Deployment)

Exited a 74-key co-invest at 1.72x after four years, with the PIP nearly eating it

Posting this because I've mostly been the person asking what a first deal costs, and this one closed and I can show the whole shape of it. Sponsor was a regional operator with in-…

aliyah_bAU2APRO91 reply

Story

A misspelled last name cost me a 22k assignment fee

This one still bugs me a year later so I'm writing it down. Probate house, nice bones, one of those deals where the spread is wide because nobody wants to deal with the family. I…

carlos_nunezActive12 replies

Happening NowSyndications: GP / Sponsor

Sponsor offered me a slice of the promote for bringing $500k of my friends' money. Something feels off.

An operator I've been following wants me on his next deal, after six months of research and nothing to show for it. 84 units, 7.8M, he's raising 2.6M. He's done five deals, two of…

jordan_ellis2ActivePRO9Answered3 replies

PollWholesaling

If the license line keeps moving, is double closing the answer or just a more expensive way to be wrong?

I've been reading through the 2025 state changes and the pattern that jumps out is that most of them attach to marketing and to the fact that the wholesaler doesn't own the proper…

34Kkevin_lombardPG1BPRO17Answered19 replies

DiscussionWholesaling

Contract says "and/or assigns" but the seller's agent crossed it out

Rehab guy here, mostly I get called after someone else has locked a house up. But a seller found me directly through a mailer test I was running and I'm trying to do this one as a…

omar_haddadActivePRO17Answered4 replies

PollCRM Setup / Systems Consulting

Does the person building your CRM need to have done deals, or just know the software?

I set up the scheduling and invoicing side of a small shop a few years back, so I know what it feels like to configure a system for people who don't want to configure it. Now I'm…

mitchell_ray4 Get yoursPRO125 replies

PollRural Land Flipping

Should a land flipper's service provider get paid per parcel or on the back end?

I'm pricing a service for rural land flippers and the fee structure is the entire question, so I want to hear how operators would rather be billed. The work is the unglamorous mid…

mikeoconnell7SP2APRO170 replies

Happening NowFix and Flip (Full Gut)

Does the holdback math on this gut rehab draw schedule actually work?

Reading a term sheet for the construction side of a heavy rehab and I've got questions that are probably obvious to people who've done this. Structure as I understand it: 240k pur…

raj_mehta14CapitalPRO13Answered5 replies

DiscussionFix and Flip (Full Gut)

The rental fallback everyone recommends doesn't come close on my gut

The advice everywhere is to underwrite a gut flip so you can pivot to a rental hold if resale softens. I tried to actually do it and it doesn't work on my deal. Numbers: purchase…

joe_delgado5AP4CPRO4Answered1 reply

Happening NowEducation / Coaching

Two viewers want to pay me for my time and I don't know what to say

I put out six short videos on how a small service business around real estate actually gets its first ten clients. Nothing fancy, phone camera, maybe 300 views total. Two people e…

derekj19SB1B2 replies

PollReverse Wholesaling

Buy box from the buyer's mouth, or from what he actually closed

A buyer handed me a written box in March: 3/2 minimum, 1,100 square feet and up, ARV band of 220 to 340, offers at 70 percent of ARV minus repairs, nothing with slab movement, not…

gregpowell66AG4BPRO128 replies

Story

The loan officer said seasoning twice before I finally asked what she meant

I went into a small bank branch to ask about a loan on a piece of land, which is my whole interest here. The officer was working from a script and kept using words I didn't know,…

diane_kowalskiPassivePRO146 replies

WinSubject-To Financing

The document set held when the seller filed Chapter 7 twenty months later

I papered a sub-to for a partner in early last year and got a phone call in the fall that started with "my ex says the house is part of her bankruptcy." It wasn't, and the reason…

36Ddmitri_v6CapitalPRO70 replies

DiscussionSubject-To Financing

If the seller files chapter 7 while their name is still on the loan

Looking at funding an operator who holds title on three houses where the underlying loans are all in the original sellers' names. On one of them the seller told him straight out s…

chriswalton8CC1CPRO15Answered1 reply

PollLuxury Flips

List the 3.5M house at drywall or wait until the last light fixture is in

Pre-listing a luxury flip before completion keeps coming up and the room seems genuinely split. The argument for going live at drywall is that you start the days-on-market clock w…

jordan_ellis2ActivePRO90 replies

Story

A guy at a barbecue quoted me 14 percent like it was a normal thing to say

Neighborhood thing, paper plates, somebody's kid running around with a hose. I mentioned I'd been looking at real estate and a guy I'd met twice said he was raising for a bridge p…

aaron_fitz10 Get yoursPRO156 replies

Happening NowGround-Up Residential Development (Spec Home Building)

Who actually pays the "interest reserve" on a construction loan?

Got a term sheet back for a single spec house, first one for me. Lot's already mine, bought it last year for 62k with cash. Build budget from the contractor is 288k for 1,850 squa…

jessreyes12AU1APRO16Answered2 replies

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