every post in the forum, newest first
Say a single note is carved out of a larger tape. UPB $92,400, last payment October 2022, arrears with fees around $26,000 on top, ask $38,000. A broker BPO shows $141,000 as is a…
Trying to get the refinance done on a single family I've been rehabbing. The lender ran it and told me the debt service coverage ratio is 1.08 and their minimum on this product is…
Four completed cycles, fifth under contract, and the thing that's slowing me down now isn't money. I've got a line of credit and a couple of people who'd fund a rehab tranche if I…
Learning how private money and creative acquisition moves often means working through fund documents that read dry on the page. A sharper way in is a real pattern seen in the fiel…
The offering document for a typical pref tranche says accredited investors only. A claim that circulates in other forums is that preferred equity is debt like, so it is not really…
$900k into a pref position on a suburban office-to-flex conversion, 12% accruing, no current pay for the first eighteen months, 1.35x minimum multiple at redemption. I read the wh…
312 units, 2016 vintage garden, bought late 2021 at $228k a door. Floating rate bridge, cap bought at the time, cap expires in five months. My LP position is small, call it 4 perc…
Every institutional apartment piece I read says the same thing, which is that vacancy has peaked around 8.5% and values sit 20 to 30% under the 2022 high, so this is the moment fo…
A useful case for thinking through auction bidding discipline: a county trustee sale on a single family home, 1,450 square feet, built 1978, in a working suburb where the last fou…
Bidding at a county trustee sale next month and I'm trying to stress test my title work before I put cash down. My understanding is that the foreclosing lien wipes junior liens, s…
Career changer, zero deals, reading everything. Every write-up about full guts says the same thing, that you need established contractor relationships. Fine. But I don't have any,…
Consider a market where the only houses priced low enough to make sense have been sitting empty for years and need everything, priced around 70 to 110 as shells and 230 to 280 ren…
Take a 22 unit, three story walk-up, surface parked, wood frame over slab, on an infill parcel in a secondary market anchored by a hospital system and a state school. Land at $520…
The split this room never resolves is face led or brand led. Take a small content shop as the example, one operator plus an editor at $28 an hour, running content for its own reha…
A useful framing question in rural land flipping is whether to buy parcels with a known title problem or stick strictly to clean ones, and it is really a policy decision rather th…
Two schools of thought come up constantly when owners weigh whether to keep selling once they have a team. One camp keeps producing indefinitely. Take an owner with six agents who…
Scenario for the room. Off market three bed, 1,900 square feet plus a detached garage, the owner passed and the family walked away from the contents. Assignment price $146k, after…
A property manager I met through my licensing course said she'd send me turnover cleans if I could also haul out whatever tenants leave behind. I've got a half ton pickup and a 5x…
Ran a 118k in, 142k out last month and both legs closed within about two hours of each other, which is how I've done every one of these. My funder doesn't care, the fee is flat pl…
I'm still waiting on my license number, so I asked around first about whether I could take fee-for-service coordination work without one. Where I am the answer was yes as long as…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
