every post in the forum, newest first
Six months in, no deals, working on that. I've narrowed to two candidate markets for a first nightly rental and they fail in opposite directions. Market A is a mountain town, real…
Take a shell in a market that has been tracked for a year. ARV supported at 340k by three comps within a quarter mile, all renovated to the finish level being matched. The contrac…
Here is a case worth studying for anyone stuck in analysis mode. The thing that usually moves a first timer is building a carry model they actually believe instead of one that mak…
The capital recycling math on the owner-finance model stops making sense at a certain point, and it is worth working through exactly where. Say basis is $28,000 all in on 40 acres…
Bought six parcels in one county over eight months, all 20 to 40 acres, average basis around $2,050 an acre. Three sold inside 60 days at $3,400 an acre, which is what set my pric…
A useful comparison for evaluating sponsor economics: two sponsors raising for similar 100 to 150 unit value add plans in similar markets, with almost opposite fee structures. Spo…
In a rural market where the typical sale price is under $100k, the flat fee model deserves a hard look. Take a $95,000 sale at 2.5 percent to the listing side. That is $2,375 gros…
I'm three weeks from my license exam and two agents I know from a local investor meetup have both asked if I'd coordinate their closings. Neither of them has ever used a TC. They…
A seller reviewing paperwork with a neighbor who happens to enjoy reading contracts, and being reminded that a warm body at the table is not a substitute for her own attorney, is…
Working through what happens if the thing burns. On a pine tract, most of the value sits in the standing inventory, and a single fire or a hurricane track can take a large share o…
A first rental purchase often comes down to two shapes that point in opposite directions. Shape one is a duplex close by, maybe 50 minutes away. Prices are higher, rent to price i…
Numbers first, as always in this kind of decision. Take a six unit building, older brick, in a market well understood by its owner. Gross scheduled rent 78k, actual collections la…
A common sticking point before anyone funds a public non-traded REIT is the tax paperwork. Investors who do private real estate deals will often say anything like this sends a K-1…
A case worth studying in reverse wholesaling: an operator spends two months collecting written criteria from small buyers rather than chasing houses first. Two buyers end up wanti…
I have two parcels under contract, 11 acres and 4 acres, both rural, and I'd rather assign them than close and hold. Three of the people who advertise dispo services said outright…
Standing up a dispo service usually means the buyer list is the only asset that matters, and building one from scratch shows where the real cost sits. A reasonable build looks lik…
I've been running the formula on everything in a 20 mile radius. ARV times 0.70, minus repairs, and that's the most I can pay. On a house listed at 189 where I think ARV is 250 an…
I ask the questions I'd have been embarrassed to ask out loud, so here's one with numbers. Underwriting a house where I pulled six comps in a half mile radius, all sold in the las…
A common question for a closing operation handling all-cash LLC purchases of single-family rentals: who files the report, and does the firm build that service in-house. The reside…
Numbers first, then the part I can't settle. Purchase 285,000, off market 3/2 in a first ring suburb that turns over fast. Rehab 95,000 from my GC, and I'm confident on maybe 80 o…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
