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DiscussionGap Funding / Bridge Lending

Senior hard money lender won't allow a recorded second, so what am I actually holding?

Deal is $620k purchase, $180k rehab, so $800k all in. Senior hard money is 75% of total cost, $600k, funded in draws. Sponsor has $100k of his own. My piece is the last $100k, mos…

dpatel_reCS4A4 replies

DiscussionWholesaling

Nobody defines "market the contract, not the property" in a way I can act on

This phrase keeps showing up in the compliance chapters I go through and nobody defines it in a way I can act on. If I have a house under contract at 180 and I want 195, at some p…

wendy_park48CapitalPRO15Answered2 replies

PollWholesaling

Buying from wholesalers: does the assignment fee belong in my numbers or in my irritation?

I've bought a few things passively and I'm looking at single family for the first time, which means wholesaler emails. Two of them showed me the assignment amount up front, one bu…

marcus_hale41CG4AAnswered6 replies

PollTax Lien / Tax Deed Investing

What's the first number a new certificate buyer should actually be checking

What I keep seeing with new tax-lien buyers is that they arrive with the statutory rate memorized and nothing else. The rate is the least useful number on the page because it's th…

dpatel_reCS4A3 replies

PollVirtual Assistant Agency

Who should own the automation, me or the agency I'm renting seats from?

My agency spent three months building out my renovation pipeline inside their own stack. Draw requests, lien waiver chasing, subcontractor check-ins, all of it running on their au…

omar_haddadActivePRO177 replies

LossBRRRR Method (Active Operator)

A recorded second from our money partner cost five months at the refinance

Structure was clean on paper. I did the documents, my operating partner did the buying and the renovation, and a third party put in 85k for the rehab. To protect him we recorded a…

18Ddmitri_v6CapitalPRO7Answered11 replies

DiscussionBRRRR Method (Active Operator)

He does the work, I fund it, then the refinance shows up. How does that split?

A friend who does renovation work wants to do a version of this together, and most of my money sits in passive deals. He'd run the buy and the rehab, I'd fund the acquisition and…

diane_kowalskiPassivePRO14Answered7 replies

PollRetail Centers / Strip Malls

Three bays 20 minutes away, or a single tenant box three states over

I've been saving toward one purchase for a while and two very different retail deals are in front of me at almost the same price. Deal A is a three-bay strip about twenty minutes…

33Ttashaford30PB2APRO43 replies

WinFund Management

I got on four roofs before I sent the subscription check

Trades background, so the only diligence I'm actually good at is looking at buildings. A manager raising a second fund of about $25M had 11 assets in the first fund and I asked fo…

mitchell_ray4 Get yoursPRO120 replies

PollReal Estate Attorney

Title company says I don't need a lawyer for my first rental closing. Do I hire one anyway?

I'm buying a small single-family rental, nothing complicated, seller is a retiring landlord and the contract is the standard state association form with two handwritten addenda ab…

paulgrant17PassivePRO74 replies

PollTax Lien / Tax Deed Investing

Is a redeemed lien actually a fixed-income position or am I fooling myself

I put $6,200 into certificates last year across two counties and every single one redeemed inside eleven months. The interest came in at the statutory rate for those states, which…

angela_burkeServicePRO127 replies

DiscussionWraparound Mortgages (Wraps)

Is a wrap the same thing as subject-to? Two videos said opposite things

One video said a wrap and subject-to are basically the same deal with different paperwork, and another said they're completely different and the difference is whether a new note g…

17Kkevin_lombardPG1BPRO173 replies

Happening NowWraparound Mortgages (Wraps)

Wrapping a note on raw land where the underlying loan is a seller carry already

Sitting on 41 acres, split-zoned ag and rural residential, bought two years ago with the previous owner carrying 190k at 5.25%, seven year balloon, no prepayment penalty. I've got…

diane_kowalskiPassivePRO142 replies

DiscussionBird Dogging / Lead Finding

License activates in about three months. Does that kill my finder's fee arrangement?

Right now I have two investors who each pay me $1,000 flat when they close on something I found. I don't contract anything, I don't talk price with owners, I hand over an address,…

21Rryanmck27SC2CAnswered10 replies

Happening NowBird Dogging / Lead Finding

Sent my first lead nine days ago and heard nothing

Career change in progress, zero deals, and I sent my first real lead to an investor I met at a meetup. Small single family, garage door caved in, grass to my knee, notice taped to…

bmoreno23AB1BAnswered1 reply

PollBuyer's Agent (Investor-Focused)

On a $95k rural house, who writes the check for the buyer agent fee

I'm working two houses this month in a county of about 12,000 people, both listed in the low $90s. 2.5% on one of them is $2,375 and the agent I actually want to work with has a $…

11Llaurenkim53Passive22 replies

PollSeller Financing (As Seller)

Prepayment protection on a carry-back note: lockout, yield maintenance, or leave it open?

I was reading through a note form a friend used on a carry-back and the prepayment section was one line: borrower may prepay in whole or in part at any time without penalty. Which…

32Rryanmck27SC2C4 replies

DiscussionNote Buying (Non-Performing)

Can I just collect the payments myself instead of paying a servicer?

Working out what a first non-performing note would really cost me end to end. The note price I understand. Then someone told me I need a licensed servicer and can't take payments…

aliyah_bAU2APRO9Answered5 replies

Happening NowNote Buying (Non-Performing)

Borrower wants a mod at $600 on a $780 payment. Foreclosure math says take the house.

Bought this one eight months ago. UPB $103,200, arrears at purchase $19,400, paid $47k. As-is value came in at $158k on a full interior walkthrough that the borrower let me do, wh…

aaron_fitz10 Get yoursPRO15Answered10 replies

PollSubject-To Financing

Cash for the equity at closing, or pay the seller monthly?

I'm still in the reading stage on sub-to, and the piece I can't settle is how the seller's equity gets paid. Every example I've looked at splits into two shapes. Shape one, you ha…

ehernandez74PO2BPRO77 replies

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