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LossSubject-To Financing

The loan got called in month nine. The refi math never worked.

Posting this because I looked for someone who'd actually had a loan accelerated and found mostly people saying it rarely happens. The deal: 1978 three bed, seller relocating for w…

bmoreno23AB1B0 replies

DiscussionSubject-To Financing

He wants 75k for his equity, which is not what low-cash was supposed to mean

Sorting through this from the lending side, so tell me where my math is off. Guy owes about 214k on a loan at 3.1%, house would list somewhere near 290k. He said he wants 75k for…

sonia_alvarez Get yoursPRO6Answered5 replies

PollOff-Market Deal Sourcing

What do I say I am on the first call?

I have a script draft and I keep rewriting the same line. Option one, I say up front that I'm an investor, I buy at a discount, and I may resell or pass the contract to another bu…

aliyah_bAU2APRO90 replies

PollOpportunity Zone Fund Investing

A decade of no exit, and what I'd give up to shorten it

I've got a gain coming from a value-add sale and the ten-year hold is the part I can't get comfortable with, more than the zone maps or the reporting changes. The program pays you…

samantha_ruizAU4APRO517 replies

LossFund Management

Modeled 1.9x gross on a fund and collected 1.31x net. Where the other 0.6 went

2019 vintage, $60M value-add fund, 11 deals, $150k commitment from me. Final distribution landed in the spring and the fund is done at 6.5 years. Realized deal level gross multipl…

18Hhannah_west29 Get yours6 replies

Happening NowNote Buying (Non-Performing)

Two defaulted notes for $23k. Who actually calls the borrower?

Someone I've met a few times through a lending group is clearing out and offered me two non-performing seconds as a pair. Balances $34k and $41k, both stopped paying in 2023, ask…

sonia_alvarez Get yoursPRO65 replies

DiscussionNote Buying (Non-Performing)

Is buying somebody's defaulted mortgage as grim as it sounds

I've been going through the numbers on this strategy and they work, which is sort of the problem. The return comes from a household that stopped being able to pay. The guide says…

20Hhannah_west29 Get yours11 replies

DiscussionRural Land Flipping

$500 down, no credit check ads on 5 acres. What stops the buyer from just walking?

I found a listing for 5 acres priced at $500 down and $289 a month, no credit check. My first rental is coming up and I've spent weeks on tenant screening, so seeing a seller hand…

paulgrant17PassivePRO7Answered8 replies

Happening NowRural Land Flipping

11.4 acres under contract at $9,400. Did I do well?

Sent 600 letters to absentee owners in one rural county about two hours from a mid-size city. Got back a call from a woman who inherited a parcel from an uncle in the 90s, has nev…

14Kkevin_lombardPG1BPRO17Answered17 replies

PollSeller Financing (As Seller)

Who actually collects the payments on a note I carry?

I'm about to carry paper for the first time on a small parcel, 68k price, 14k down, so a 54k note at 8% over 15 years with a balloon at year five. Everything I've read is about wr…

nicole_adeyemiPassivePRO14Answered3 replies

PollNote Buying (Performing)

Non-escrowed performing loan: do you force escrow after you buy, or watch the tax roll yourself?

Picked up a performing first where taxes and insurance are not escrowed. Borrower pays the county and the carrier direct, has for six years, no lapse I can find. 74k balance, 9.25…

tonyv88SO4CPRO68 replies

DiscussionHouse Hacking

Every time the duplex cash sheet looks finished I find another line

I've got a spreadsheet going for a duplex in the $300k range, FHA, and every time I think it's finished I find another cost. Right now I have down payment $10,500, closing costs s…

bmoreno23AB1BAnswered12 replies

Happening NowHouse Hacking

The turnover math is eating my room-by-room management product

I'm building out a management offering aimed at house hackers who moved out and kept the rooms rented individually, plus a few owners who never lived there and just run five-bedro…

mikeoconnell7SP2APRO17Answered11 replies

LossBuyer's Agent (Investor-Focused)

The rents in my agent's analysis were just the seller's rents

Bought a 4 unit in October, closed at 462k. The agent marketed himself to investors, sent me a two tab underwriting file with the offer, and I liked that he showed his work. Tab o…

30Rrenee_dubois Get yours9 replies

DiscussionBuyer's Agent (Investor-Focused)

Buyer wants to swap 2.5% for a flat fee, plus a carve-out for anything off-market

I represent a buyer who's accumulating small multifamily, $150k to $220k duplexes, and he wants to restructure how he pays me. Right now it's 2.5%, which on his range is $3,750 to…

monica_tran3SF4CPRO117 replies

Story

Does the new dishwasher help? The appraiser laughed, kindly.

First rental purchase, closing in a few weeks. I got permission to be at the appraisal because I wanted to see how it worked and because I'm nervous about everything right now. Th…

paulgrant17PassivePRO712 replies

PollDouble Close Wholesaling

Telling the seller I'm reselling it the same afternoon

I have a contract at 104k with an end buyer at 131k and my title company wants to know whether the seller has been told there's a second settlement happening an hour after hers. N…

jessreyes12AU1APRO1614 replies

WinListing Content / Social Media

First paid content job was $300, and the useful part was learning to scope

Agent in my area, maybe 15 transactions a year, been talking to her for a while. She agreed to a one month trial. $300 flat for 12 posts and rewriting the descriptions on four act…

derekj19SB1B5 replies

WinSmall Multifamily (2-4 Units)

Appraisal came in 11k under. The seller met me at the number.

Side by side duplex, both units two bed one bath, built in the fifties. Contract at 342k. Appraisal came back at 331k and I sat with that email for about an hour before I understo…

ehernandez74PO2BPRO7Answered5 replies

DiscussionSmall Multifamily (2-4 Units)

Lender says $92k duplex is below their minimum loan amount

Small town, population under 5,000. There's a side by side duplex at $92k, both units rented, roof looks newer. I called the lender I got preapproved with and was told they don't…

20Llaurenkim53PassiveAnswered1 reply

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