every post in the forum, newest first
Take a probate purchase where a payoff quote comes back at 151,400 dollars against a contract price of 142,000, on a 1958 ranch, 3 bed 1 bath, 1,150 square feet in a working class…
Consider a lender's file. The borrower wants 140k on a 200k ARV with 30k of rehab, and the purchase agreement is with an estate. The decedent's daughter signed as the person handl…
64,000 sf, four stories, built 1998, an inner ring suburb with a real amenity base within walking distance. Seller had a loan coming due and had already agreed with the lender to…
First and probably last virtual attempt while I wait on my rental to close. Writing it up because the failure point wasn't where I was looking. Deal shape. Single family, 1,340 sq…
Consider an investor who puts $88k into eight equity positions across three platforms over about two years, deliberately spreading across platforms on the theory that platform ris…
I've been reading through announced office-to-residential projects and the ones that actually reached a closing almost all have some conversion-specific tax program, an abatement,…
A client of mine does interior work for a sponsor and passed me their offering deck because I asked too many questions on site. I am on the service side, so this is me trying to u…
I bought one note last year to find out whether I could do this at all. UPB $88,400, arrears $14k, paid $41k. Small three bedroom in an older inner-ring suburb, occupied by the or…
Refinancing a small rental I've owned a while. I had budgeted for the appraisal, maybe five hundred, and I'd blocked out an afternoon to be there. Then the loan officer emails and…
A wholesaler I've been talking to wants me to move a contract with a spread somewhere around $40k. He's used to 50/50 co-wholesale splits and told me that's just the standard numb…
I've been looking at live-in flip candidates for about two months and the two shortlists I keep making are completely different houses. One is the tired 1960s ranch on a street wh…
An owner I've been sitting with has two proposals on the same 210-space surface lot in a courthouse and office district, and they are not remotely the same deal. Proposal one is a…
Consider a lender with capital sitting in savings earning little, deciding to place a first loan rather than buy directly. A flipper needs $75k on a small two bedroom cottage in a…
The seller's agent said the house had "always been a rooming house." It had. Six rooms, all occupied, papers going back to the eighties. What nobody said, and what I never asked i…
A scenario worth working through, because the structure is everywhere right now. A PPM lands with about two weeks to fund or pass. 184 units, 1986 vintage, secondary southeast mar…
A deck for a 180 unit deal reads "8% preferred return, then 70/30 split." The common reading, usually from people who own bonds, is that the pref works like a coupon, 8 percent a…
Background so the numbers make sense. I've done eleven deals, average price around $410k, and I've been stuck at that ceiling for two years. This one came from a seller whose sist…
Here is a structure worth working through. A building with 4,000 sf of ground floor retail and twelve apartments above gets condominiumized into two units, a commercial condo and…
Take a county seat town, population about 6,800, one stoplight downtown that still has traffic. A two-story brick corner building, ground floor 3,600 sf split into a 1,200 sf insu…
Bridge and construction has been the fastest growing corner of private credit for a while now, something above 12 percent a year in what I've read, and the demand side makes sense…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
