I've got seven doors, mostly small stuff I bought and fixed over the last three years, and two of them are killing me on turnover. One has had four tenants in 26 months. Every tur…
Building out services for small landlords and voucher compliance keeps coming up as something people say they'd pay for, so I'm trying to price it honestly rather than guess. Two…
Getting my license and doing a lot of reading on the side, and BRRRR keeps coming up as the thing people do when they don't have much money. But every worked example I find starts…
I lent 50k as a second position note into a BRRRR on a small single family, 12 percent, interest only, 12 month term, repaid from the refinance. Monthly interest arrived on time e…
A friend on the leasing side sent me two proposals for the same job, generating owner leads for a small management book. One promises 25 qualified leads a month or the next month…
A guy I had done subcontract work for bought a 1958 ranch, three bed one and a half bath, in a decent working class pocket. Purchase 168k, his money, his loan. I did the rehab: fu…
I've been building a buy list for room rentals for a while and kept hitting the same wall: I could find 4 bed houses all day, and I had no idea which ones I'd be allowed to rent b…
I bought a 1960s three bed in a working-class suburb with the plan of holding it long term. Inspection scope came back around $64k in materials and trade labor: kitchen, both bath…
Three previous BRRRRs left me with capital stuck in all three. This one didn't, and the difference was almost entirely that I underwrote the after repair value low on purpose and…
Working through this and I think I might be worrying about the wrong number. Deal I'm modeling: 110k purchase, 50k rehab, 160k all in. ARV 205k, refi at 75% gives 153k, so 7k stay…
Working through a hypothetical aggregation of 12 parks, roughly 1,050 pads, mostly 1970s builds in secondary midwest and southeast markets, master metered water, expense ratio com…
My agent asked what the top of my budget is. I said $260k and my actual ceiling is closer to $310k on the right building. I held back because I've watched a friend get walked stea…
I'm planning a first purchase and I've narrowed to two single family houses, both around 1,100 square feet, both older. Section 8 keeps coming up as the steady option and the paym…
I handle lease-ups and turns for a handful of owners with voucher units, and the request amount is where I get overruled most often. Two defensible strategies and I've watched bot…
I have 340k across a traditional IRA and an old profit sharing plan, both movable. The plan was three lanes: 40 percent first-position private notes, 40 percent unleveraged passiv…
Thinking about having the IRA fund a single loan to an investor buying a rental, first position, maybe 60 percent of value. Someone at a meetup told me anyone making a mortgage lo…
Something clicked reading through this. The reason absentee owners sell at steep discounts isn't that they're bad at math, it's that the parcel produces a bill every year and noth…
40 acres, half pasture half scrub, in a county where the average parcel trades a couple times a decade. Seller called off a letter, said she had inherited it from her father in 20…
I'm back to building a list instead of buying because the last one took 14 months and about 180k off me, and I'd rather write down why than pretend it was the market. Twelve bed l…
I've closed nine deals as a syndicator over five years, all deal by deal, all with the same 30 or so investors. Two of them have started asking why they have to review a new offer…