every post in the forum, newest first
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…
The strike price is where most lease option contracts diverge, and it is worth working through the argument on both sides before drafting one. One version fixes a number today, sa…
Worth studying as a case, because it is the mistake everyone warns about and the mechanics are worth being specific about. Say an investor puts 26k into a single REIT for an 8.9 p…
Take a lease option structured like this: 24 month option, 7,000 dollar option fee, strike price 242k, rent 1,650 with 350 a month credited toward the purchase. Market rent on the…
I put money into other people's deals and read their documents, so I'm coming at this from the paperwork end rather than from operating. A sponsor I look at is starting to offer r…
First rental is coming so I'm not doing this, but a family friend is winding down a 22-agent brokerage and asked what it's worth. I said I had no idea and went looking. What I fou…
Consider someone building a transaction coordination and compliance file prep business aimed at small brokerages and solo brokers without admin support. Say eleven prospects were…
Started posting in June while my coursework was still in progress. The plan was to have an audience ready the day my license came through so I wouldn't be starting from zero. What…
Scouting is the part of this business a new bird dog can start on before any capital is in place, and the real decision to make early is how many buyers to build toward. The one-i…
Renovation is my side of the business, so I assumed I'd be the last person to get taken on turn costs. Wrong in an instructive way. Setup: I finished a heavy rehab on an 8 unit an…
Anyone studying property management companies as businesses runs into the software question without a straight number attached. Everything points at AppFolio or Buildium, and the…
Cost out what it takes to fund a small lead operation properly and one question refuses to resolve from the outside. The data version: a list subscription, a skip trace vendor at…
Two competing models for content spend are worth laying out side by side rather than picking one. Model one treats content as a variable cost per transaction. A listing costs a se…
Opportunity funds have been my reading material for a few weeks and I've hit a fork I can't resolve, so I want to see how the room splits. Setup for anyone else new: opportunity z…
A useful case for anyone underwriting a data center as a passive hold: a single story purpose-built colocation building in a secondary metro, about 22,000 square feet, roughly 1.5…
A useful way to understand how private capital actually evaluates a wholesale assignment is to look at a typical intake call between a short term lender and a flipper buying an as…
Consider two proposals on a 24 unit wood frame build, same drawings: a stipulated sum and a cost plus with a guaranteed maximum price. The stipulated sum runs about 6 percent high…
For a buyer trying to qualify with projected income from an accessory unit on a one unit purchase, the agency rule allowing it existing does not mean the shop on the other end of…
Every cost breakdown I can find stops at the down payment and closing costs. Nobody lists the running stuff. If I buy a duplex and live in one side, what do I actually sign up for…
I'll lay this out step by step in case someone else is where I was. I bought a small 1,100 square foot house last year, 189k, needing a kitchen, a bathroom, floors, and paint. Mov…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
