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Happening NowSmall Multifamily (2-4 Units)

Buying from a client I manage for, and my own rent roll argues against it

I've managed this building for six years. Four units, 1970s brick, two-bed each, one shared boiler replaced in 2019, separate electric, one water meter. Owner is 78 and wants out…

tonyv88SO4CPRO6Answered27 replies

DiscussionSmall Multifamily (2-4 Units)

Software for four doors, or is a spreadsheet fine?

I'm circling a fourplex and trying to figure out the running costs that aren't the mortgage. Every video I watch has someone pushing a property management app. My spreadsheet alre…

aaron_fitz10 Get yoursPRO15Answered8 replies

Happening NowSingle-Family Rentals (SFR)

Half the value of this house is the back half of the lot

Under contract inspection period on a 1958 ranch, 3/1, 1,180 square feet, on 0.92 acres in an older part of town where the newer stuff nearby is on quarter acre lots. Price is 205…

diane_kowalskiPassivePRO14Answered11 replies

DiscussionSingle-Family Rentals (SFR)

Moving from a duplex to a single house, what actually changes in the operating numbers?

I run small multifamily and every unit has taught me something, mostly about shared systems. Now I'm looking at a detached house for the first time and I want to know which of my…

21Rrenee_dubois Get yoursAnswered3 replies

PollOpportunity Zone Investing (Passive Angle)

The rural piece of the new law and whether it means anything for someone in a $90k town

I follow small markets where houses trade in the low six figures and half the commercial stock is a single story block building on a state highway. When the One Big Beautiful Bill…

21Llaurenkim53Passive3 replies

Happening NowWholesaling (As Service)

Adding acquisition sourcing for owners we manage. The fee shape won't come right.

We manage 140 doors across roughly 60 owners. Eleven of them have asked in the last year some version of "find me another one." Right now I hand that to a brokerage we like and ge…

tonyv88SO4CPRO60 replies

DiscussionWholesaling (As Service)

Fund offered $8k per closed acquisition, exclusive on three counties, no retainer

Term sheet in front of me from a small fund buying rentals. Structure: $8,000 per closed acquisition, target 25 a year, I'm exclusive to them in three counties, no retainer, no re…

megan_doyle15 Get yoursAnswered13 replies

Happening NowGround-Up Residential Development (Spec Home Building)

Same builder, same plan, and the third house costs 191 a foot against 162

Same plan set, same builder, same submarket, three houses in fourteen months. 1,850 square feet each. House one: 158 a foot hard cost. House two: 166. House three, quoted last wee…

jessreyes12AU1APRO163 replies

Happening NowBird Dogging (As Service)

Sorted 140 leads by source. One source is embarrassing the rest.

Every deal that comes in gets underwritten by me, so I have a clean record of where the last 140 leads came from and what happened to each one. Ran the year end cut this week and…

dpatel_reCS4A1 reply

Happening NowMid-Term Rentals (30-90 Days)

Two owners want to go furnished at 30 day minimums. What do I charge?

I manage 40-odd doors of plain long-term rentals and my fee is 8% of collected rent plus one month leasing fee when a new tenant signs. That structure falls apart the second a uni…

tonyv88SO4CPRO6Answered3 replies

DiscussionMid-Term Rentals (30-90 Days)

Furnished premium is $700/mo but my turn costs are eating half of it

Running the numbers on a unit I've been modeling. Unfurnished market rent about $1,600. Furnished mid-term comps in the same building sit around $2,300, so a $700 premium. On pape…

35Kkevin_lombardPG1BPRO17Answered1 reply

DiscussionVirtual Wholesaling

My ARV came off photos, so the buyer walked after seeing it in person

Contract at $185,000. My ARV was $260,000 built off photos and a data platform estimate, repairs guessed at $45,000. I had a buyer at $200,000 verbally, so a $15,000 spread. Buyer…

joe_delgado5AP4CPRO4Answered4 replies

Happening NowVirtual Wholesaling

Asked to fund a one-day double close for a wholesaler I've never met in person

A wholesaler I've dealt with twice by phone wants transactional funding for a back-to-back closing. Numbers as presented: A to B at $118,000, B to C at $139,000, same day, same ti…

sonia_alvarez Get yoursPRO6Answered6 replies

DiscussionMixed-Use Properties

Why is four apartments over two storefronts a commercial loan?

Building is about 6,200 sf. Two storefronts on the ground floor, roughly 1,500 sf each, four apartments over them. The listing calls it mixed-use and the broker keeps saying the a…

joe_delgado5AP4CPRO48 replies

Happening NowMixed-Use Properties

One of the two storefronts has been dark since spring

Under contract at $1.15M on a corner building in a walkable inner-ring suburb, closing in five weeks if I don't kill it. Six one-bedrooms upstairs, all leased, average $1,050 and…

tylerbrooks9PassivePRO4Answered1 reply

DiscussionAgricultural Land / Farmland

Cash rent or crop share for somebody who has never owned tillable ground

A listing agent in Iowa sent me a 78 acre tillable parcel and the sheet says "cash rent $285/acre, tenant in place." Then a farmer I talked to at the co-op said cash rent is for a…

paulgrant17PassivePRO7Answered6 replies

Happening NowAgricultural Land / Farmland

Cash rent pencils to 2.9 percent on ground at $8,400 an acre

A broker sent me 240 tillable acres in a corn and soy county at $8,400 an acre. That's a long way above the USDA average cropland number around $5,830, and the seller's case for i…

priya_n21PO1CAnswered3 replies

PollHotels / Short-Term Lodging (Passive Hold)

How deep should a hotel hold sit in reserves before the reserve itself kills the reason you bought it

Reading a sponsor's reserve policy and it says three months of debt service plus the lender's FF&E escrow at 4% of gross. That struck me as thin, so I went looking for what thick…

6Ttashaford30PB2APRO40 replies

DiscussionDriving for Dollars

What counts as "distressed" when you're driving? I feel like I'm just guessing

I went out for two hours and wrote down 11 houses and honestly I'm not sure any of them count. One had knee-high grass. One had a rolled-up newspaper thing on the porch but the ca…

aaron_fitz10 Get yoursPRO15Answered5 replies

Happening NowDriving for Dollars

The mail list may be beating my 60 mile driving loops

I've done this four Saturdays running and I want someone to tell me it's not a hobby. Setup. Rural county about 90 minutes out, land and the occasional beat up house on acreage. I…

karen_whitfieldPG4APRO7Answered17 replies

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