every post in the forum, newest first
A common early mistake in wholesaling is building the wrong half of the business without deciding to. Seller data is purchasable, buyer relationships are not, so a new operator of…
Typical numbers on a 40-space lot doing about $8,000 a month gross. Option one, a full gate and kiosk setup, $42,000 installed plus $600 a month for the software and support. Opti…
Bought a tired duplex two blocks off a strip with six bars and a music venue on it. The seller wanted out of everything at once so the package included the gravel lot next door, r…
Cosmetic flip, 1,340 square foot ranch, built 1961. I walked it twice, wrote a scope, and waived the inspection to win against two other offers. I frame, I tile, I've torn out mor…
Duplex rehab, my usual thing. 265k purchase, 85k of scope (roof, both kitchens, one full electrical rerun), ARV I'm underwriting at 430k and my agent thinks 440k on a good day. Si…
I'm looking at backing a two-person brokerage that wants to move most of its volume to investor loans, and I can't get the revenue model straight in my head. On the conventional s…
This is a mistake worth studying because it hides inside a clause that reads like protection. Say a co-hosting agreement covers five units under one owner, all within a fifteen mi…
I co-host nine cabins inside a six mile stretch of the same lake town, all on 18 to 20 percent of revenue. Each one has its own base price in PriceLabs, all of them run a 2 night…
Running property management on a large new-build owned by a qualified opportunity fund over several years exposes a set of dynamics that offering documents rarely mention. From in…
Many ADU ordinances cap floor area at the lesser of 800 square feet or 50 percent of the gross floor area of the principal dwelling. On a 1,100 square foot principal dwelling, tha…
I shoot walkthrough video for three agents. $350 a listing, tripod and gimbal, one vertical cut plus a 90 second horizontal edit. One of them asked me to come down to $200 because…
Nine parcels, 4 to 38 acres, three rural counties, all bought to hold. Two are listed at any given time and the rest sit. In March I put a content person on a retainer. $1,800 a m…
Take a brokerage built around new construction resale and inventory listings, staffed by agents who can read a spec sheet and talk to a superintendent competently. A common setup…
Two things I've been looking at side by side, both about 40 minutes from me. One is a fourplex around 540k, four two beds, in place rents 1,250 each. It would be a residential loa…
Take a triplex where a single boiler feeds all three units. Anyone with construction experience knows what that boiler costs to replace, so the capital side is not the scary part.…
A useful case for anyone holding property subject to an existing mortgage: a rural county house acquired subject-to eighteen months earlier, purchase price 71,000, seller's loan b…
Operators who come from the build side tend to trust replacement cost more than any other number in the model, which is exactly the bias worth checking hardest. Consider a 312-uni…
Anyone reading the paperwork side of voucher housing before looking at a property runs into documents that seem to overlap. The voucher itself, the HAP contract and the tenancy ad…
I've been building toward the leasing side while I finish licensing, and a small landlord with eight doors asked me to fill three vacant units with voucher holders. He'd been doin…
Consider a 240 unit deck where the sponsor pays about 2.1 points into a rate buydown and an interest rate cap that runs three years. The alternative on the table was a purchase pr…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
