someone asked, the room worked it out
A common problem when running two calling vendors against the same territory, say pre-foreclosure plus high-equity absentee across two counties, is duplicate billing on the same o…
Two numbers in this room don't fit together for me. A single family appraisal is $300 to $600, and AVMs or property condition reports already sit on something like 35 to 45 percen…
I've got a brokerage account and I'm looking at putting a small slice into this corner rather than buying a rental. Two things I can't pin down. First, is there a real minimum, or…
Something I ran into on a 9-unit in a secondary market that I haven't resolved. The guide logic is that at five units you're valued on NOI and a cap rate. That's how I underwrote…
Property management software on a property this size is quoted both ways, per unit per month and as a flat platform fee, and which structure applies depends on the vendor and the…
I've had three separate conversations now where a builder tells me the finished lot has to come in at 20 to 25 percent of the retail house price, like it's a law of physics. So a…
Consider a detached unit behind a garage on a corner lot, projected by builders to rent around $1,600. The income math is straightforward. The harder question for a lot of owners…
Two questions come up constantly for newly licensed agents looking at REO as a niche. First, when a bank lists a repossessed house, does the listing side pay a buyer's agent the w…
Take a package on a four-plex where the listing sheet shows $3,400 a month gross, but the actual leases add up to $3,050, and one of the four units is month-to-month with no writt…
I've got a side by side duplex with long-term tenants in both halves. One lease ends soon and the nightly comps in that pocket are strong enough that I want to try it on that unit…
Consider a 2 bed unit with two paths in front of it. Unfurnished market rent runs about 2,150. Furnished corporate direct could hold 3,400 a month with utilities and internet incl…
My first rental closes in a few months and I've been reading outside that lane to figure out where the rest of the money eventually goes. Timberland comes up constantly as the thi…
I've got about $600k to place and I'm stuck between two shapes. Three fourplexes at roughly $550k each, 25% down, investor residential terms. Or one twelve-unit at around $1.6m on…
Still working out where I fit in this industry, and I keep landing back on buyer representation because the work sounds like something I'd be decent at. Then I read the outlook he…
I'm sorting through which parts of this industry I might actually want to be in, and non-traded REITs keep coming up as the passive option. What I don't understand is what I'm act…
The two claims are each half right, and the difference is timing and disbursement rules rather than where the money sits. In a true simultaneous close, where one escrow or title c…
A few deals in and I've always just let the commission happen without looking at it. Now that it's a negotiated number in my agreement I want to understand what I'm actually payin…
Working through a first JV structure on a value-add deal. $4.5M of equity, my side $4M, operator $500k, 8% pref then 50/50. I asked for consent on sale, refinance, any new debt, t…
Working a 14-unit at 1.62M asking. My underwriting lands NOI at about 96k after a 5 percent management fee and 300 per unit per year in reserves, so roughly a 5.9 going-in cap. Ba…
Deal I'm modeling as a career changer, so tell me where I'm wrong. Tax card says 1,450 square feet. Tape says roughly 1,900, because at some point somebody finished a rear additio…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
