every post in the forum, newest first
A subscription package for a multifamily deal will often say the LPs get an 8 percent preferred return, non-compounding and non-cumulative, then an 80/20 split above that. Elsewhe…
Say an investor has 400k earmarked for LP equity over the next 24 months and four sponsors have cleared diligence: two multifamily value-add in the southeast, one light industrial…
Second offer accepted this month and the loan officer came back with a waiver from the automated underwriting run, so no appraisal ordered, no fee, and the file moves faster. She…
Low price points make mid-term look attractive on paper, because a 90,000 house with a 1,100 furnished rent is a much better ratio than anything in the city. The problem in a rura…
I have a 2 bed 1 bath, 900 square feet, four blocks off a light rail line, under contract at 178k with 15% down. Furnishing budget 9,000. Unfurnished comps 1,400. Furnished 30 plu…
For a limited partner in a 96-unit apartment deal, reading the property management agreement before funding, not the operating agreement, the separate contract between the ownersh…
Small three bed, bought at 118k, put 34k in, all in about 158k with holding. I underwrote the after-repair value at 205k off three sales within half a mile that all closed in the…
Two claims about BRRRR circulate that do not fit together, and anyone who prefers the boring, dependable kind of investing should reconcile them before starting. One version says…
Take someone who wants income that does not turn into a second job. Everything written about wholesaling describes a full time grind of cold calls. The buyer first version reads l…
Everything I read about wholesaling says build a buyers list, dozens of names, email blasts. Everything I read about reverse wholesaling says get one buyer and go find what they w…
Take a 6-unit deal several hundred miles from the buyer, 1968 brick, all 2 bed units, asking $640k, seller reporting gross rents around $6,150 a month. A typical listing might car…
Anyone building a small service business around real estate ends up circling photography. One property manager will say her last vendor showed up with an iPhone on a gimbal and th…
A buyer looking for one or two hands off rentals talks to an agent who says he gets turnkey properties with tenants in place before they hit the market. He will not send any addre…
Zero deals before this one, so treat everything below as a beginner reporting back. I signed a written buyer agreement with an agent who works mostly with small landlords. Her fee…
Take a 20 site campground with about 25k available for improvements before next season and three things that want it. It is the kind of decision that produces strong opinions that…
A sponsor doing single asset syndications, four to twelve investors each and a new PPM every time, eventually finds the legal bill each round hard to justify. The advice that circ…
Take an investor who has spent eight months building a list of 40 small multifamily buildings, all 4 to 12 units in one metro, with offers written on none of them because everythi…
Take a 5.1 acre parcel at the edge of a growing small town, county road frontage, no utilities at the line but power about 400 feet away, assessed at 61k. Sending 240 letters to o…
Take a 5 acre parcel owned by an out of state heir who has never seen it and wants $9k, in an area where a builder would likely pay around $25k for similar acreage. The spread loo…
Five bedroom, two bath, about 1,900 square feet, bought in a college-adjacent submarket and run room by room since. Rooms are 690 to 780, gross sits around 3,650 a month. A whole-…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
