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Happening NowReal Estate Agent (Listing Agent)

Three listing proposals on a $385k house. What am I comparing?

A friend asked me to sit in on her listing appointments because she knows I've been poking around the service side of this business. Her house is a 1,600 square foot three bed in…

derekj19SB1BAnswered18 replies

DiscussionJV Wholesaling

Keeping a JV partner from going straight to my seller

I ask the questions I'd be embarrassed to ask out loud, so here's one. I have two contracts I can't move, small fees, maybe $12,000 combined if they close. An operator with someth…

jessreyes12AU1APRO16Answered6 replies

Happening NowJV Wholesaling

Tied up a 12 unit I can't close, with two JV partners and very different paper

This started as a normal seller call. Owner is 78, has held a 12 unit walkup since the eighties, nine occupied, three down and gutted to studs from a burst pipe two winters ago. H…

30Rrenee_dubois Get yoursAnswered8 replies

PollPre-Foreclosure Outreach

Do you walk the owner through reinstating before you put your number on the table?

Third call this month where the owner clearly did not know their servicer had a loss mitigation department. One of them had roughly 11k of arrears against something like 140k of e…

21Llaurenkim53Passive7 replies

DiscussionHouse Hacking

Insurance agent quoted me a landlord policy on a duplex I'm going to live in

I said duplex and rental income on the phone and got back a quote for a landlord policy, which confused me because I'm living in the other side. When I said that, the agent said w…

jessreyes12AU1APRO16Answered4 replies

PollHouse Hacking

Rent covers half my payment. Is that still a house hack

Ran the numbers on a house I'd actually buy and the result has been sitting on my desk for a week. Small three bedroom in an older part of town, $315k, 5% down, payment with taxes…

karen_whitfieldPG4APRO7Answered17 replies

PollGap Funding / Bridge Lending

What am I buying with a 120 day standstill in the intercreditor?

Reading a junior participation draft where the standstill runs 120 days from the senior's default notice. During that window I can't accelerate, can't start any enforcement, can't…

wendy_park48CapitalPRO153 replies

PollSelf-Directed IRA (Capital Deployment)

How much of a retirement account should end up in real estate at all

I've done a few deals with my own cash and I'm now looking at a 140k rollover, and the first decision isn't which deal. It's what fraction of that account has any business being i…

samantha_ruizAU4APRO52 replies

PollJV Capital Provider

My JV partner is the only one with the liquidity to sign the carve-out guaranty

Bridge loan quote on a 22 unit, $3.1m loan against a $4.2m purchase. Lender's term sheet asks for a guarantor with net worth at or above the loan amount and liquidity at 5 percent…

carlos_nunezActive14 replies

Story

Nobody at the brewery meetup stopped to explain what a T-12 was

I've been reading here for months and finally went to an actual in person thing, a local investor meetup at the back of a brewery. I expected houses. Everything I've read about wh…

ehernandez74PO2BPRO713 replies

PollRetail Centers / Strip Malls

Demise the 12,000 sf anchor bay into six small suites, or hold out for one user

Small center I own, 22,400 sf, six bays. The largest is 12,000 sf and the soft goods tenant in it goes month to month in March at $8.25 net. They've told me they're done. Inline s…

27Bbrandonlee36Passive2 replies

LossBird Dogging / Lead Finding

Spent $611 on tools and drove 340 miles before I understood what a lead is

Working out what the first deal costs, and I decided bird dogging was the free way in. It wasn't free and the reason it wasn't is my own doing, so here's the accounting. Over seve…

aliyah_bAU2APRO9Answered11 replies

Happening NowSenior Housing (Independent Living)

My active adult model has line items conventional multifamily never had

Underwriting is my day job and conventional apartments have been my lane for years. First 55-plus deal came across and half my template doesn't apply, so I'm going to ask the begi…

dpatel_reCS4AAnswered8 replies

DiscussionSenior Housing (Independent Living)

Adding pill reminders and shower help to a 55-plus building

Our 88-unit age-restricted rental has residents aging into needing a little help, and we're losing them to an assisted living 20 minutes away at roughly double the monthly. The pi…

29Ttashaford30PB2APRO4Answered1 reply

WinOffice Buildings (Passive Hold)

Bought the building for the dirt under it, and the rent turned out fine

The listing was a 9,200 sf single story office on 1.4 acres in an inner suburb, built 1978, three tenants, asking $760k. I looked at it because of the land, not the leases. The pa…

diane_kowalskiPassivePRO144 replies

Happening NowSelf-Storage (Passive Hold)

What actually makes a storage facility a good one? Starting from nothing here

I've got capital sitting and I've been circling self-storage because everyone describes it as the low-hassle option. But I don't know how to tell a good facility from a bad one wh…

23Sstephen_ok9CO2CPRO4Answered9 replies

DiscussionSelf-Storage (Passive Hold)

Broker says 93% occupied but the rent roll doesn't look like 93% to me

I'm reading a package on a 240-unit facility. The first page says 93% occupied. Then the rent roll shows a bunch of units at $49 when the website advertises $89 for the same size,…

24Kkevin_lombardPG1BPRO17Answered2 replies

DiscussionLuxury Specialist Real Estate Agent

What does the marketing package on a $4M listing actually cost the agent?

A friend of a friend lists high-end houses and mentioned in passing that she'd "put about thirty into" a listing before it sold. I assumed she meant thirty thousand dollars of her…

luis_carrera Get yoursAnswered2 replies

Happening NowLuxury Specialist Real Estate Agent

Specialize at the top from day one, or earn my way up

Pulled the numbers for my county before deciding where to point myself. Last year there were 212 closed sales above $2.5M. The five biggest teams touched 61% of them on one side o…

luis_carrera Get yoursAnswered9 replies

PollBroker Owner

Which single number tells you a brokerage is actually working?

I've been handed the books on two small shops by a friend who's thinking about buying one, and the numbers argue with each other. Shop A: 22 agents, $310k of gross commission inco…

26Hhannah_west29 Get yours4 replies

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