every post in the forum, newest first
Take a wholesaler keeping 9 to 11 files open at once, mostly assignments with a few double closes, paying a coordinator $500 a file. She is good. She is also, over time, doing thi…
The live-in flip keeps coming back for people who are patient and short on capital, and the first practical question is what an owner occupant is legally allowed to touch. The cla…
Take a live-in flip sold after twenty-seven months, single filer, where the gain lands above the exclusion, which is a scenario worth planning for from the start rather than disco…
Foreclosure filings were up 26 percent year over year in the first quarter per ATTOM, starts up 20, repossessions up 45. The list every scout works from is getting longer, and mos…
Structure I'm being pitched. Operator wants 60k from me to cover a seller's equity on a house with a 198k first at 3.4%. I'd take a second deed of trust recorded against the prope…
Payment went from $1,412 to $1,741 in month ten and nothing about the loan changed. I was keeping the file on a sub-to for an investor I do coordination work for, so this one is o…
Something about how this strategy gets discussed does not add up. Filings are up and repossessions are up sharply, and everyone quotes the numbers. Yet the practical experience of…
I'm under contract on a bank-owned 3/2 at 179k, listed by a brokerage handling it for the servicer. Reading the preliminary title report twice, which is my habit, and I have two t…
Take a small three bedroom estate sale with contents still in the house, heirs out of state, and a listing agent presenting two versions of the same deal. Either the seller delive…
Take a 212-unit self-storage facility, 24,600 net rentable square feet, 89 percent physical and 81 percent economic occupancy, priced to imply roughly a 6.1 cap on trailing twelve…
Scoping a BRRRR now and the scope has already grown from $52k to $70k on paper, which is my usual disease. About $18k of the growth is mechanical: sewer lateral, 200 amp service,…
I've read this commitment letter four times. The broker told me on the phone that I could refinance as soon as the property was leased and the work was signed off. The document sa…
Note on my desk, 9% coupon, amortizing on a 30 year schedule, balloon at month 84. Balance 118k, seasoning is 29 payments clean, I'm being quoted 74. At 74 the yield to the balloo…
I've been sitting in on inspections when friends buy houses because I find them interesting, and one of the inspectors let me buy him lunch and ask questions. I'm writing down wha…
I've been reading operator house agreements to work out where a service business could sit in this model, and two of them handle new tenant selection in completely opposite ways.…
I asked an agent for a blank copy of her listing agreement so I could read one before I ever have to sign one for real. The term line says twelve months. She said that's just what…
I'm still working out where I fit in this industry, and lately I've been sitting in on trustee sales in my own county to learn the mechanics. Six on the calendar last month. Four…
A cautionary pattern worth knowing in wholesaling: a small three bedroom house, tired but nothing dramatic, gets locked up under contract with an assignment fee around 9,000, reas…
For an investor in a group holding small multifamily buildings, comparing an inspector's invoices across engagement types raises a useful question about incentives. Say the inspec…
I've been reading vendor proposals for six weeks and I want someone to poke at the arithmetic before I sign anything. Vendor A prices per delivered lead. $75 for what they call a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
