I'm looking at the lending side rather than running a firm, so my interest here is what a brokerage's balance sheet and liabilities look like from the outside. Someone told me a b…
I'm most of the way through the licensing course and the brokerage I'm interviewing with sent over their vendor sheet. Their photographer does $185 for anything under 2,000 square…
Reading an amended LLC agreement for a preferred equity piece on a construction deal and one section stopped me. On a "Preferred Return Default", defined as failing to pay the cur…
I'm partway through the licensing coursework, which is how this came up. If I buy a 40 and split it into six lots and sell them one at a time over two years, am I selling my own p…
Just started so forgive the framing, but I've been reading brokerage P&Ls people post publicly and something bothers me. A firm on a 70/30 split earns 30 percent of a variable num…
Reading a private credit vehicle's offering memorandum and the structure chart puts whole loans and B pieces inside the REIT and pushes mezzanine into a parallel vehicle. The tax…
I've done a few lighter flips, paint and kitchens mostly, and I've been using the 70 percent rule the whole way. Max offer equals 70 percent of ARV minus repairs. Worked fine when…
I wanted something concrete instead of more spreadsheets, so I drove around and wrote down every obsolete looking building within twenty minutes of me. Here's what I actually have…
My IRA has about $40,000 in it. Rural markets around me have livable single-family houses in the $55,000 to $70,000 range, so all cash is out of reach unless prices drop. Somebody…
I mostly research land and holding patterns, so buying a house to live in feels like a different sport, and I want to check whether I understand the basic shape of this before I s…
Working a 180-unit garden deal, wood frame over slab, total cost landing around $46m all in. That's about $255k a unit which for this market is not crazy. Lender indications are c…
Occupancy year is nearly up on the duplex I live in and the plan was always to move out, rent my side, and do it again on a bigger building in the next metro over. Two snags. My l…
I do passive stuff and read paperwork for fun, and I've been trying to work out the real cost base of the listing business because someone in another thread said 2.5% is mostly pr…
Five years into running my own service business, I've done work on plenty of flips without ever understanding the vocabulary the owners use on the phone. Everybody says ARV. After…
I've been circling flips for a while because the numbers on paper look better than anything else I can find, but I don't want a second job and I definitely don't want to swing a h…
I'm pricing out the operating side of a small independent, roughly 30 rooms, before I go any further on the numbers. Someone told me the property management system for a place tha…
Everything is new here so forgive the level of this. I looked at two of these. One said $2,500 minimum and asked nothing about my income. The other had a form asking me to certify…
I called my insurance agent to ask what happens when the backyard unit is done and she said the current homeowners policy won't cover a rented second dwelling, that we'd need to r…
Small town market, two-unit frame building, asking 145k. Both sides are 2/1, in-place rents are 700 each and I think market is closer to 750. With 3.5 percent down I'm financing a…
I've got about 150k earmarked for private real estate over the next couple of years, and every LP deal I look at has a 50k minimum, a couple at 100k. So my first check is a third…