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Discussionsomeone asked, the room worked it out Happening Nowlive deals, numbers on the table Wins & lossesit finished, here is how it went Pollsone click, then see the split Storiesthe tenant, the seller, the sideways closing All

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WinLive-In-Then-Rent

Staging the work across the occupancy year is what made conversion three hold

Converted my third one in February. 1978 split level, 1,640 square feet, bought at 268,000 with 5 percent down owner occupant, rate 6.5. It needed a roof, the panel was a mess, an…

gregpowell66AG4BPRO125

DiscussionSingle-Family Rentals (SFR)

Management fee structures when the owner wants 8 percent flat

I run management for a handful of scattered SFR owners and one of them just pushed back hard on my fee schedule. He wants 8 percent flat, no leasing fee, no renewal fee, no markup…

tonyv88SO4CPRO60

Happening NowSingle-Family Rentals (SFR)

Seller's pro forma says 6.1%, I get 4.6% on the same house

First single-family under contract after four years of duplexes, and I'm three days from the inspection deadline with a number I don't like. 3/2 brick ranch, 1,310 sq ft, 1972, de…

18Rrenee_dubois Get yours12

Story

Asked out loud what seasoning meant and got a number back

Been reading about notes for about two months and mostly I've been confused. Every article assumes I already know the words. So I went to a small meetup where somebody was talking…

raj_mehta14CapitalPRO134

PollLuxury Flips

Does the luxury renovation have to be to current taste or just to current quality

I'd rather do this without the usual chaos, so I've been reading the luxury flip threads here trying to find where the actual disagreement is, and I think it's this. When people s…

tylerbrooks9PassivePRO46

Happening NowShort-Term Rentals / Airbnb

Unit 3 is empty and I'm tempted to furnish it instead of re-renting

Four unit building, I've owned it three years. Unit 3 went vacant last month, a 1 bed I've been getting $1,150 on a year lease. There's a small college and a hospital about a mile…

37Rrenee_dubois Get yoursAnswered2

DiscussionShort-Term Rentals / Airbnb

Nightly rate is $180 so where does the money actually go?

Looking at a one bedroom condo in a beach town. Comps on the block show about $180 a night and the listing agent said 60% occupancy is conservative, which pencils to roughly $39k…

priya_n21PO1CAnswered4

PollMultifamily Property Management

The IoT retrofit on a 224-unit pencils, but who's supposed to pay for it?

Sat in on a budget call for a 224-unit mid-90s garden community last week, third-party managed, fee is 3.5% of collected revenue. The manager brought a proposal for leak sensors a…

derekj19SB1B11

WinSelf-Storage (Passive Hold)

132 units bought off a retiring owner, 74 percent economic occupancy on day one

The rent roll said 91 percent physical. The bank statements said something else. Seller had owned it 22 years, hadn't touched rents since roughly 2016 on maybe a third of the tena…

joe_delgado5AP4CPRO48

PollBuyer's Agent (Investor-Focused)

Get licensed myself or keep paying a specialist 2.5% a deal

Agent quoted me 2.5% buy side with a $6,000 minimum. I'm looking at four to six houses over the next 18 months, $150k to $220k, light value-add rentals I intend to hold. Call it $…

devon_pierce Get yoursPRO148

Story

The real lender list lives on a legal pad at a kids' swim meet

Sat next to a man in a folding chair at a kids' swim meet last spring. He had a legal pad on his knee with columns of lender names and little marks next to them, and he was updati…

marcus_hale41CG4A6

PollParking Lots / Garages

First parking buy: a small lot of my own, or four deeded spaces in a condo garage?

I do fast, thin deals in houses and I've never touched parking. Two things landed on my desk in the same week and they're pointed in opposite directions. One is a 19-space gravel…

joe_delgado5AP4CPRO414

Happening NowWraparound Mortgages (Wraps)

She offered to "wrap" her loan. I don't understand what I'd sign.

First rental is supposed to close in about six weeks and the seller just changed the shape of the deal on me. Small 3/1 in a working class part of town, asking 245k, I was going t…

paulgrant17PassivePRO77

DiscussionWraparound Mortgages (Wraps)

Servicing a wrap: who collects, who proves the underlying got paid

I'm building out a note servicing offering and wraps are the messiest thing on my desk. On a straight seller-financed note the servicer collects from the buyer and remits to the s…

mikeoconnell7SP2APRO112

DiscussionSyndications: LP (Capital Provider)

Acquisition fee 2%, asset management fee 1.5%, disposition fee 1%, then a 70/30. Am I paying all of those?

Reading the deck for a 180-unit deal and the fee page lists a 2% acquisition fee, a 1.5% annual asset management fee, a 1% disposition fee, and then the cash splits 70/30 after an…

mitchell_ray4 Get yoursPRO12Answered5

WinSyndications: LP (Capital Provider)

Split my first $60k across two sponsors. The reporting difference alone justified it.

I had $60k and a sponsor I liked with a $50k minimum. Almost put the whole thing in one deal. Instead I asked both that sponsor and a second one whether they'd take $30k. Both sai…

paulgrant17PassivePRO7Answered2

PollCold Calling / SMS Lead Generation

Should the caller or the investor own the do-not-call scrubbing?

I'm looking at hiring out prospecting for small-town properties and the two proposals I got split on who handles the compliance side. One shop says they scrub against do-not-call…

10Llaurenkim53Passive3

LossJV Capital Provider

Funded $48k of nonrefundable deposit before the operating agreement was signed. Deal died in diligence and so did the money

I've been building a list for two years and I finally moved on a deal that wasn't mine. Operator with a decent track record in flex industrial, 34,000 square feet in a tertiary ma…

devon_pierce Get yoursPRO141

PollRaising Capital / Investor Relations

Choosing the container before the deals on 1.4m of equity

Two closed deals, 480k of equity raised across 9 people, both still paying. Next 18 months I want three acquisitions in the same submarket and that's roughly 1.4m of equity. The r…

carlos_nunezActive0

PollTimberland / Vineyards / Orchards

When rural acreage prices off hunting demand instead of the timber math

Looked at a 140 acre cutover parcel last month where the timber cruise supported maybe half the asking price. The listing didn't hide it either. Frontage on a county road, a creek…

27Bbrandonlee36Passive1

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