Four month wholesaling test with real money. Finished $6,900 down.
I've spent years underwriting, so I figured this would come easy. I treated it as a test with a budget and a stop date, which is the only decision I'd repeat. Budget: $14,000 acro…
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I've spent years underwriting, so I figured this would come easy. I treated it as a test with a budget and a stop date, which is the only decision I'd repeat. Budget: $14,000 acro…
Renovation is my side of the business, so the tax structure part of this is where I get lost. What I read somewhere was that in an opportunity zone you have to spend more than you…
I've got 3.2 acres on the edge of a small town, bought in 2019 for $61k, no debt on it. The tract it sits in was designated as an opportunity zone back in 2018 and as far as I can…
This was the first time I've been the money rather than the person selling a service, and I nearly talked myself out of it four times. Operator was a contractor I'd worked with on…
28 unit new build in a designated tract, opened partly leased in early 2024. I quoted the management contract off the operator's pro forma, which had stabilization at month six, 1…
A guy who's been a customer of mine for years came into my shop convinced he could buy houses at the tax sale for a few thousand dollars. He'd read that liens sell for the amount…
First loan I'm doing on my own paper, small, on a $95k rehab budget for a borrower I've known for a while. The property side I'm fine with. The construction side is new to me and…
1,380 sf rehab, fixed price contract at $92,400, three draws at 30/40/30 with 10 percent retainage held to punch list. We're through demo and rough framing repairs. The GC's lumbe…
I finally have something specific in front of me instead of just theory, so I'd rather be told what's wrong with it now. The house: 5 bed 2 bath, about 2,300 square feet, built 19…
I want income, I don't want a second job. A house near me is set up with four bedrooms rented separately, about 700 a room, and the whole-house rent for the same place would be ma…
24 unit building under contract, needs about $1.8M of equity. I've talked to four capital providers now. Two want three comparable completed deals with audited statements. One off…
Third pass through a 63 page operating agreement for a 6.8M mixed use JV. I'd be 2.1M of a 2.4M equity check, operator brings 300k plus the deal. 8.5% pref, 70/30, standard enough…
I've been doing this about five months, which is to say I've been reading. An operator I met through my agent is putting together a 4,900 sq ft dated luxury reno and offered me a…
I priced a renovation on a house listed just under $3M and the owner's broker sent over insurance requirements I've never seen on a job before. Builder's risk at full replacement…
I hold a paper position on a rural parcel, roughly 240 acres, and the borrower has stopped responding. I need to know what's physically out there before I decide anything, and I c…
Getting quotes for media on the first flip and the photographer offers two tiers. Ground only, 35 stills plus a floor plan, $310. Add aerial, 12 aerial stills plus a 75 second edi…
An owner forwarded me a screenshot of a caption on one of our rental listings: "ideal for a young professional couple, walk to the brewery." She drafted it in an AI tool and it we…
This is the first marketing contract I've had to read rather than a loan document, so tell me if I'm looking at normal industry terms. Situation: I'm on the capital side of a smal…
I tried to put a number on expected appreciation for a 26 acre parcel in an exurban county and got two answers I can't reconcile. Method one, county trend. I pulled fifteen years…
35 day diligence window on a 19,000 square foot older retail and service building, two bays, one former dry cleaner space from the 80s that everybody in the chain of title seems t…