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DiscussionEducation / Coaching

Coaching people in $70k rural markets when every guru curriculum assumes $400k metros

I look at low price point rural stuff, mostly $50k to $90k houses, and I've gone through four different programs' free content plus one paid course at $1,500. All of them assume a…

24Llaurenkim53Passive4 replies

PollInvestor Relations (For Syndicators)

Retention math: is IR spend defensible before you have a second fund to raise into?

Running numbers on my own portfolio made me curious how sponsors justify this line item, because for a lot of them the answer seems to be that they can't yet. Setup: sponsor with…

24Bbrandonlee36Passive12 replies

PollSelf-Directed IRA (Real Estate)

Depreciation is wasted in here, so which assets actually belong inside the wrapper

Everything the account gives you on the income side, it takes back on the deduction side, and I don't see this discussed much when people compare an IRA rental to the same rental…

priya_n21PO1C0 replies

PollAccessory Dwelling Units (ADUs)

Separate meter, submeter, or just build the utilities into the rent

Got the plan set back from the designer for a 700 square foot cottage behind the main house and the electrical page has a note that says "owner to confirm metering approach prior…

karen_whitfieldPG4APRO71 reply

Story

It took four months before anyone told me I was the gap

My cousin found a 1950s ranch that needed everything. His hard money lender covered 80 percent of purchase and most of the rehab budget, and he was about 38 thousand short on the…

diane_kowalskiPassivePRO1419 replies

PollBRRRR Method (Passive Angle)

If you only ever plan to do this twice, is it still BRRRR?

Somebody asked me this at a meetup and I gave a bad answer, so I'm putting it here. The letters are buy, rehab, rent, refinance, repeat. The last R is the engine. You pull your mo…

nicole_adeyemiPassivePRO141 reply

LossReverse Wholesaling

The buy box was three weeks old and the fund had stopped buying that zip

Posting this because the mechanics of how I lost the money are more interesting than the amount. The buyer was a mid-size operator buying through an acquisitions analyst, single f…

sonia_alvarez Get yoursPRO617 replies

Happening NowHome Staging

Carrying 18k of staging inventory and no break even I can find

Turnover cleans and light handyman work for landlords and a couple of property managers is what pays my bills right now. Three people including me. Two of the agents I clean listi…

angela_burkeServicePRO12Answered10 replies

DiscussionHome Staging

She said staging, then soft staging, and I think she means virtual

An inherited house is going on the market and the listing agent has used three phrases in two conversations. She said the place needs staging, then said we could do soft staging t…

karen_whitfieldPG4APRO7Answered7 replies

Happening NowHome Inspection

A 900 dollar home inspection on a 12-unit is what the sponsor calls diligence

I'm looking at a small syndication, 12 units in a secondary market, 2.1m purchase, and the diligence folder has one PDF in the physical condition section. It's a residential-style…

chriswalton8CC1CPRO156 replies

DiscussionHome Inspection

Is the inspector working for me or for the agent who recommended him

My agent gave me three names for the inspection on a $310,000 house. I picked the middle one, $475. Then someone told me you should never use an agent's list because the inspector…

12Hhannah_west29 Get yours6 replies

PollAssisted Living / Residential Assisted Living (RAL)

Master lease at a fixed rent, or a percentage of resident revenue? Same house, same operator, very different risk

For about three years I've been doing conversion work on small licensed homes, trades side, which means I've seen the inside of a lot of these deals without owning one. Now an ope…

mitchell_ray4 Get yoursPRO123 replies

Happening NowSingle-Family Rentals (SFR)

House is finished and I can't decide whether to sell or keep it

This is the fourth house I've turned around and the first one where I'm hesitating, so I'd rather ask plainly than pretend I've got it figured out. Bought at 152,000. Put 53,000 i…

samantha_ruizAU4APRO5Answered5 replies

DiscussionSingle-Family Rentals (SFR)

Yield on a $310k house in a 4 percent rent growth market vs a $180k house at flat rents

I've been holding land and I'm looking at putting some of it into an actual rented house, so I'm building the comparison from scratch and I don't trust my own conclusion yet. Deal…

diane_kowalskiPassivePRO14Answered4 replies

Happening NowSelf-Storage (Passive Hold)

Storage-industrial flex condo units, trying to work out what the collateral actually is

Been reading through an offering on a flex condo project, the larger owned units with power and water aimed at people who want more than a standard storage unit. Boat and RV owner…

raj_mehta14CapitalPRO130 replies

DiscussionSelf-Storage (Passive Hold)

Monthly cost of software plus a gate system on 200 units

I've spent most of my time on land and zoning, so the operating side of a storage facility is new territory. A vendor sent me a quote for a management platform that was priced per…

nicole_adeyemiPassivePRO14Answered2 replies

WinDispo-Only / Marketplace Model

Sold my first contract in under 48 hours after six weeks of doing nothing but calls

Following up on my earlier thread about start costs. I went with the cheap version and it took longer than the spreadsheet said. Six weeks, 140-odd calls and texts, 22 people who'…

aliyah_bAU2APRO93 replies

PollCo-Living / Room Rentals

Furnishing a 4 room house costs $7,000 for $105 more a room

Working out what my first deal actually costs, and furniture is the line I keep rewriting. Quotes I have, buying mid range from a warehouse store and assembling myself: bed frame,…

aliyah_bAU2APRO915 replies

DiscussionPublic REITs (Capital Deployment)

What if the gap closes from the private side instead?

Everything I read frames the REIT-to-private valuation gap as a reason to deploy into listed. My underwriting keeps producing the other resolution. Concretely: my private open-end…

dpatel_reCS4AAnswered6 replies

Happening NowPublic REITs (Capital Deployment)

Are REITs actually cheap, or just down?

Five years into running the service business and I finally have 60k that isn't reserve money. I don't want to buy a rental, I've watched enough of my clients deal with tenants. So…

monica_tran3SF4CPRO11Answered7 replies

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