I'm about six months from buying one small rental and I don't want a second job out of it. Two things pulling at me. The voucher case: a big slice of the rent comes from the housi…
Working through an underwriting problem on a 12-unit that a seller describes as 70 percent voucher occupied. Contract rents average 1,180, HAP portion averages 790 of that, so rou…
Working out what my first purchase costs in a way that survives contact with a house I can't get into. I've been running 15 percent of ARV as a repair contingency on anything I ha…
Story
I was replacing a blower motor in a fifty year old furnace, house in a working class stretch of town, owner in his sixties. He's standing in the doorway talking the whole time the…
Running about 260 to 310 inbound seller leads a month across paid search and direct mail, two acquisitions people, no dedicated ISA. Measured speed to lead over six weeks and the…
I'm writing this as somebody who did the entire buildout of a business that never took a client. The plan was a small independent shop, eight to ten agents, in a suburban market w…
Reading a hotel management agreement for a friend's group because I'm the one who reads things, and I keep coming back to the same mismatch. The agreement is ten years, third part…
I've been reading the exit posts in here and they split in a way I didn't expect. Two different disciplines, both defensible. One camp writes the trigger at purchase. Sewer gets f…
I do fast stuff normally. Buy, fix in ninety days, sell, thin margin, do it again. Two years ago I got tired of paying tax on all of it and bought a house to live in instead. 1,32…
Documents and structure are more my thing than swinging a hammer, so I want to understand the money before I look at a single house. What's the realistic minimum to start a live-i…
This is a loss on process more than on money, and the process error is the interesting part. Last year I built a deployment plan around the gap between public REIT valuations and…
Portfolio was $290k across 90 certificates, nine counties in four states. The plan was geographic spread. What I actually built was nine separate procedural calendars and I tried…
I've got a 40 site park, mostly nightly, and I'd been running it with one live on site camp host getting a free full hookup site plus 1,400 a month. On paper she cleaned two bathh…
Four agents have sent me an investment summary in the past year. Every one of them had the same three problems. Vacancy at 5%, which is a number people type rather than a number t…
Four small multifamily buildings in and I thought a single house would be the easy one. It closed 14 months ago and it has not cleared its own expenses once. House was 231k, 4/2,…
I've been reading construction lending mechanics for a few months and the ADU version keeps snagging on the same place, which is that the money going in and the value coming out a…
The finding I can't stop turning over: after the new rules, buyer-agent commission percentages on high-end homes drifted slightly lower while the more affordable end held or went…
Got offered a junior buyer-side slot on a team that works the top end of my metro. I've been licensed four months so I know I'm the least experienced person in any room I walk int…
Left my old field last year and I have been reading about every strategy in this forum. Land banking is the one I keep coming back to, mostly because I cannot manage tenants aroun…
I've been reading in circles on this. One thing I read said land banking is what big homebuilders do, where they option lots from a third party who holds them so they don't sit on…