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PollAppraisal

Before you list a renovated house, do you pay for your own appraisal or trust the agent's number?

Finishing a full gut on a three bed in an older neighborhood and I'm arguing with myself about spending $500 before it goes on the market. The case for ordering one: my comps are…

omar_haddadActivePRO170 replies

LossMortgage Brokerage

Paid $2,500 up front plus $3,250 of appraisals on a five-property blanket refi that died on a 1.14 DSCR

Five single family rentals, all owned free and clear except two small notes, combined value I had at about $1.09 million. I wanted one blanket loan to consolidate and pull out rou…

ehernandez74PO2BPRO77 replies

PollHouse Hacking

Minimum down on the fourplex or 10% and a payment that actually works

Working two versions of the same deal and I can't decide which one I'd actually sign. $540k fourplex, three 2/1s and one 1/1, market rents on the three I'd be renting come to abou…

dpatel_reCS4A8 replies

DiscussionHouse Hacking

I'm on the road three weeks a month. Does that break the live-in part?

Working through a two-unit purchase and the loan officer keeps using the phrase "principal residence." My work has me out of state most weeks, sleeping in hotels, and I'd genuinel…

16Ttashaford30PB2APRO43 replies

LossRV Parks / Campgrounds

Loaned against a 31 site park, where a season means something different to a note

I put out a 285k first position note on a 31 site park, 62% of my own value opinion, 24 month term, monthly interest only. It didn't blow up, and I still got it wrong in a way I w…

sonia_alvarez Get yoursPRO610 replies

WinRetail Centers / Strip Malls

Cut a dark 4,000 sf bay into two, and a 400 amp panel almost ended it

An owner I'd been talking to for a year had a former furniture showroom sitting dark in an 18,400 sf six-bay strip. Fourteen months vacant at $14 psf NNN asking, three tours, no o…

mikeoconnell7SP2APRO175 replies

LossHard Money / Private Lending

Released four draws on photos and texts, then two subs' liens beat my deed of trust

$142,000 bridge on a gut rehab the borrower already owned. He'd bought it a year earlier with cash, torn out most of the interior, and run dry. My money went in as a refinance, $9…

17NnataliehsuSO1BPRO10Answered4 replies

Happening NowFix and Flip (Cosmetic)

Under contract at 214 with two ARVs, 318 and 305

Under contract on a 1,480 square foot three bed two bath in a 1978 tract subdivision, midwest, inspection cleared with nothing structural. Original kitchen, carpet over slab in th…

joe_delgado5AP4CPRO415 replies

DiscussionFix and Flip (Cosmetic)

What actually counts as cosmetic and what doesn't

Coming from a totally different career so forgive me. I read somewhere that a flip is cosmetic as long as you don't touch plumbing or electrical, and that if you don't open a wall…

bmoreno23AB1B8 replies

DiscussionPublic REITs (Investor)

I mostly do debt deals, so I'm wondering whether owning mortgage REITs gives me lending exposure or if I'm confusing myself

My interest is lending rather than owning, and I've been reading about REITs mostly because it seemed like a way to get exposure to real estate credit without originating anything…

sonia_alvarez Get yoursPRO6Answered2 replies

PollPublic REITs (Investor)

Does the valuation gap argument change how much you buy, or only when

Read through the Nareit framing that the gap between REIT valuations and broader equities is as wide as it's been outside the financial crisis and the early pandemic, plus a REIT…

jordan_ellis2ActivePRO9Answered1 reply

LossOff-Market Deal Sourcing

Paid 4k for exclusive leads three other people were already calling

Vendor sold me what they called exclusive motivated seller leads, $200 each, minimum 20. Their pitch was that everything came from paid ads, so these were owners raising their han…

joe_delgado5AP4CPRO4Answered4 replies

DiscussionReal Estate Crowdfunding (Investor)

Is the $500 minimum the real number, or does it get eaten by fees I can't see?

Trying to get straight what it actually costs to put money into one of these. One platform says $10 to start, another says $500, and the deal-by-deal ones I looked at said $25,000…

jessreyes12AU1APRO16Answered4 replies

Happening NowReal Estate Crowdfunding (Investor)

A 10% debt deal on a portal. Where do I sit in the stack?

Looking at a first position mortgage offering on a crowdfunding portal. $10,000 minimum, 10.0% annual rate paid monthly, 12 month term with two 3-month extension options at the bo…

sonia_alvarez Get yoursPRO6Answered6 replies

Happening NowReal Estate Syndications (Limited Partner)

$120k between flips and a five year lockup

Closed a flip three weeks ago, $118k net after everything. My next acquisition is probably 8 to 14 months out because the wholesalers I use have gone quiet and I'm not paying reta…

joe_delgado5AP4CPRO4Answered3 replies

DiscussionReal Estate Syndications (Limited Partner)

Sponsor's whole track record comes from one up cycle. What actually tests them?

Six full-cycle exits, average 22 percent IRR, 1.9x average equity multiple, holds between 2.5 and 3.5 years. Every one of those exits happened while cap rates were compressing, an…

karen_whitfieldPG4APRO7Answered12 replies

LossSelf-Storage (Capital Scale)

108,000 new square feet within two miles, and the supply page never mentioned it

I wanted the version of this that just works, so I picked what looked like the most defensive thing on offer. A storage fund, eight facilities, all stabilized, no development, no…

tylerbrooks9PassivePRO43 replies

Happening NowHotels / Short-Term Lodging (Passive Hold)

Paid in membership units instead of cash for a lodge renovation. Holding what?

I bid $164k to redo roofs, 26 guest bathrooms, and replace eight through-wall HVAC units at a small independent lodge near a state park. Seasonal place, exterior corridors, family…

mitchell_ray4 Get yoursPRO12Answered9 replies

DiscussionHotels / Short-Term Lodging (Passive Hold)

How much money does it actually take to get into hotels at the smallest end?

Underwriting is my day job, and this asset class has never come across my desk, so I'm asking the entry-level question deliberately. Every hotel deal that crosses my desk is $8M a…

dpatel_reCS4AAnswered12 replies

PollJV Capital Provider

Operator offered me a programmatic slot instead of one deal at a time. Better economics, no veto

Six months in, still no deal of my own, and the money has been sitting. An operator I've been following around (20 to 40 unit value-add, secondary markets, does three or four a ye…

jordan_ellis2ActivePRO910 replies

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