every post in the forum, newest first
An assignment of a small industrial flex building has come my way and I'd be the end buyer, 22k square feet, three tenants, contract price 1.4m, assignment fee 85k. I plan to fina…
I've been circling one property for four months and I finally have it under contract, so now I get to find out what I actually don't know. 52,000 square foot suburban office, thre…
Consider a lender asked to fund a double closing for a few hours rather than a term loan. The structure: a wholesaler has a house under contract at $137,000 and a cash buyer at $1…
Take a listed property under contract at 212k with a same day resale planned at 235k. The listing agent learns about the second closing and tells the wholesaler she has an obligat…
Two very different sub-to conversations are worth comparing side by side. Seller A is behind. Two payments missed, a notice from the servicer, a 3.6% loan, essentially no equity l…
Mezz targets 10 to 15 percent. Common equity in the same deals is usually pitched at high teens and up. So the mezz lender gives up several hundred basis points of upside in excha…
I've got two things I could put the same money into and I've been stuck on this for three weeks. The first is four raw acres in a growing outer suburb, priced around 112k, that wo…
Here is a case worth studying for anyone weighing age-restricted product. Take an 88 unit, built 2004, three-story elevator building in a suburban submarket of a mid-size sunbelt…
I've done passive deals one property at a time for a while and this was my first pooled fund, so I wrote down what I was going to check before I let myself get excited. $75k into…
A one page bird dog agreement is often the first red flag by itself, and one clause structure comes up often enough to be worth walking through. Say the fee clause reads $1,000 pe…
Numbers as they stand. I drive roughly 20 hours a month and pull a list of pre-foreclosure and long-vacant records, about 300 records filtered down to 40 submissions. I send the s…
Running a batch of notice-of-default leads in a single county to both a rent-based ceiling and a resale-based ceiling often produces a striking gap. At a conservative gross yield…
I've been building the cost side of this on a spreadsheet for a month and the number keeps growing, so I want to know which parts of it are real. What I have so far, annual, for s…
Studying for the producer exam and closing protection letters keep coming up in a way I don't fully follow. I understand the owner's policy insures the buyer's title. I understand…
Here is a pricing problem worth thinking through out loud. A stager with five years of median-price work, $2,800 to $4,500 a job, 30 to 45 days, turn it fast and move on, gets ask…
Off-market deal, seller's agent sent terms before anything is papered. Purchase price is going to land around $6.4M. My buyer-broker agreement with the client is 2.5%, so $160,000…
Small flippers tend to place the staging cost in different parts of their deal model, and the inconsistency matters more over many deals than on any single one. Some treat it as a…
Numbers first. Bought at 145k, budgeted 55k on the rehab, actual spend landed at 73k. Most of that was a sewer lateral nobody caught and a roof that went from patch to full tear-o…
A recurring disagreement in BRRRR strategy worth laying out plainly. The strict version holds that the refinance exists to pull the entire original investment back out so the same…
For a new agent deciding which side to point at, the story repeated constantly is that the settlement hit buyer agents and left listing agents alone, so build a listing business a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
