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Happening NowLand Subdivide and Sell

Preferred capital into a nine lot split where I can't verify a single closed lot price

Sponsor I've done one small deal with wants $220,000 of preferred capital at 11% accrued, no current pay, into an 86 acre split. I built the model off his assumptions and then sta…

30Hhannah_west29 Get yoursAnswered6 replies

DiscussionLand Subdivide and Sell

Why does a 5 acre lot sell for double the per-acre price of the 100 acres it came from?

A sponsor deck I was reading showed a parcel bought at about $4,000 an acre and modeled the resulting lots at $9,000 an acre. Same dirt, same road frontage, and the only thing tha…

chriswalton8CC1CPRO15Answered1 reply

PollReverse Wholesaling

My committed buyer passed on day four. Do I shop the contract or let the earnest money go

Ran this the right way round. Buyer gave me a written box, I found a 1960s three bed on a corner lot that fit it, went to contract at 141,000 with 2,500 earnest, fourteen day insp…

carlos_nunezActive5 replies

DiscussionVirtual Wholesaling

Foreign registration in four states, or one LLC and hope nobody asks?

I care more about the filing cabinet than the houses, so this is where I'm stuck. My plan is to source in four states, none of them the one where my LLC is organized. The LLC neve…

14Ddmitri_v6CapitalPRO710 replies

Happening NowVirtual Wholesaling

Sitting for my license in one state while my lead flow is in another

Course hours are done, exam is in five weeks, and I'm licensing in the state I live in. The problem is that roughly 60% of my usable leads are coming out of a metro about 700 mile…

16Rryanmck27SC2C17 replies

LossWholesaling (As Service)

Read every page of the sourcing agreement and still lost $3,400

Engaged a sourcing service as a buyer client. Their agreement was better than most. Fee $9,000 at closing, buy box defined, tail limited to ninety days, and a sentence saying the…

wendy_park48CapitalPRO151 reply

DiscussionWholesaling (As Service)

"buy box on retainer" was how a private lender described it to me

One of the private lenders I've been talking to about how his money moves mentioned in passing that two of his borrowers pay a wholesaler a monthly retainer to hunt for them inste…

chriswalton8CC1CPRO156 replies

LossListing Content (Agent / Broker Marketing)

Paid an agent-marketing shop $5,400 and got three leads

I've been at this six months with zero deals, and part of why is that I spent five months and $5,400 on a marketing engagement that was built for listing agents while I was trying…

jordan_ellis2ActivePRO9Answered17 replies

DiscussionListing Content (Agent / Broker Marketing)

Agents want proof the deck won the listing

One of the agents I write pre-listing material for asked for conversion numbers before she renews. She goes on something like 30 listing appointments a year and signed 12 of them…

paulgrant17PassivePRO7Answered3 replies

Happening NowMarketing / PPC Agency (Real Estate)

Asked to invest in a marketing agency whose retainer churn worries me

Not buying property here. A friend runs a small real estate PPC shop and wants $85,000 for a minority stake to hire two media buyers. What he showed me: 14 active clients, $4,000…

36Sstephen_ok9CO2CPRO4Answered8 replies

DiscussionMarketing / PPC Agency (Real Estate)

First paying client wants a number, and I've never spent anybody else's ad money

I've built landing pages and run small campaigns for myself, and a local flipper asked what I'd charge to run seller ads for him. He's thinking $4,000 to $5,000 a month in ad spen…

mikeoconnell7SP2APRO17Answered8 replies

DiscussionSubject-To Financing

Land trust to keep the transfer off the lender's radar, does that actually hold?

Closing attorney's suggestion on a house I'm working: deed into a land trust with the seller as the initial beneficiary, then she assigns the beneficial interest to me at closing.…

jessreyes12AU1APRO16Answered11 replies

Happening NowSubject-To Financing

Servicing four sub-to loans, and I'm about to become the problem

I set up the closing coordination side of a few creative deals for other people and now I've got four of these files where the buyer is self-servicing, meaning he logs into the se…

13NnataliehsuSO1BPRO10Answered14 replies

WinMultifamily Property Management

Took a leasing seat on a 312-unit lease-up and asked for the weekly report

I wanted the license for brokerage originally. Then I got offered a leasing consultant seat at a lease-up, 312 units delivering in four phases, and took it because I figured I'd l…

38Rryanmck27SC2C1 reply

LossOffice Buildings (Passive Hold)

Bought a suburban office deal for the income and got thirty months of none

I wanted rent that showed up without a second job. In 2023 I put $85k into a syndication on a three story suburban office, roughly 62,000 sf, bought at what everyone described as…

priya_n21PO1C11 replies

Happening NowReal Estate Debt Funds

The promote accrues on interest they haven't collected yet

Deep in a debt fund LPA and two clauses are sitting next to each other in a way I don't love. First one is in the servicing standard. The manager may grant up to two extensions of…

33Ddmitri_v6CapitalPRO7Answered1 reply

Happening NowLand Subdivide and Sell

Pricing a participation in a $310k land loan where the borrower's plat isn't approved yet

I'm looking at a $310,000 first position private mortgage on 46 acres, offered to me as a $100,000 participation. Borrower's plan is five lots. I'd rather understand this than own…

sonia_alvarez Get yoursPRO60 replies

DiscussionLand Subdivide and Sell

A land planner wants $6,500 for a four lot split, so what else can I hand off

I don't want a second job. A land planner I called quoted $6,500 to take a 22 acre parcel through a minor subdivision into four lots, and said that excludes the survey, the county…

priya_n21PO1CAnswered2 replies

Happening NowOff-Market Deal Sourcing

Two leads from the same pull, only enough money and attention for one

I've been pulling lists for four months and finally have two owners who will talk to me. I can chase one properly. Trying to pick. Lead A is a probate situation, court data, singl…

aaron_fitz10 Get yoursPRO15Answered7 replies

DiscussionOff-Market Deal Sourcing

Is a driving for dollars list the same thing as a data list?

There are two opposite stories going around about finding rough houses. Someone in my area told me to just drive neighborhoods and write down houses that look rough, and someone e…

megan_doyle15 Get yoursAnswered1 reply

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