every post in the forum, newest first
I sold the condo I'd lived in for nine years to fund the thing I'm slowly building. Because I read everything twice, I asked all three agents whether they'd do a tiered structure…
Two JV term sheets can split the same way on paper and still get there by different routes. One structure gives the capital an 8% preferred return, meaning the money is paid first…
An owner I've done work around asked if I want a small piece of a building instead of an invoice, and I don't know enough to say yes or no intelligently, so here are the numbers h…
Trying to size up the service side before I put money anywhere near it. I've seen a provider quoting $150 per property marketing package and another quoting $1,200 a month for wha…
Take a flip closing rehab in about ten days, a 1960s three bed ranch on a decent street, ARV underwritten at $340k. The agent's standard package includes basic photos in the commi…
Building out the terms side of a rural land plan usually stalls on the same document choice, because the two camps of experienced sellers say opposite things. Camp one sells on a…
Take someone starting a cleanout business with a pickup, a borrowable trailer, and two people willing to work weekends, deciding which type of work to chase first. Option one is t…
I've installed and repaired a fair amount of this equipment and I've never seen a lease handle it well, so I want to put the ownership question to people who underwrite these buil…
The offering doc for a public non-traded REIT I'm reading caps share repurchases at 5% of NAV per quarter, with the board able to suspend the program entirely. Say the fund holds…
Sitting on 78k in cash. About 55k of it is the down payment plus reserves for a small rental I expect to close on in roughly nine months, assuming the market I'm shopping cooperat…
Reading the contract before signing it still puts an operator ahead of most people in this business. A typical bulk property data agreement allows internal use and display of deri…
I'm reading a sample rent-to-own agreement someone posted and three different words seem to be doing the same job. There's a $5,000 "option fee" up front, then $200 a month descri…
Consider a 3/2 around 1,250 square feet in a decent working neighborhood, owned seven years, renting for $2,100, low maintenance. A tenant of three years who can't yet qualify for…
Take a duplex with a 3.9 percent loan on it, about 141k remaining. Sell at 215k with 15k down and carry the 200k at 7 percent. The buyer's payment lands around 1,330 and the under…
Take a county seat, population 9,100, county total around 31,000. Census-type numbers put the 65-plus count in the county at roughly 4,100 and median household income for 65-plus…
Consider a ground-up active adult deal, 190 units, total cost 62 million. The capital stack is a 35 million construction loan, 18 million common equity from the sponsor and its in…
A wholesaler proposing a standing JV to a contractor who has done a couple of walkthroughs for him, offering 25 percent of the fee in exchange for written rehab scopes, is a commo…
A few deals in and I'm hitting a ceiling on dispo, so I'm looking at JVing my contracts out instead of sitting on them. Before I commit I want the real cost sheet. I've seen peopl…
Consider a cold calling operation run from January to mid-April before being shut down, with the arithmetic worth walking through because it is easy to ignore for months at a time…
I've been calling absentee owners for a few months and mostly getting hung up on, but one guy actually said he'd take a number that seems workable to me. And now I'm sitting here…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
