Looking at my first LP deal instead of another flip, and the summary page has three numbers stacked on top of each other. 15% IRR, 1.8x equity multiple, 8% average cash-on-cash. O…
Side by side duplex, 429k, 5 percent conventional owner occupied. PITI plus MIP lands around 3,150. Other side rents at 1,750, market supports maybe 1,800 on turnover. So I'm out…
First rental coming and I've been reading everything, which means I've read about forty articles saying the NAR settlement was going to end the 6% commission. Then I looked at wha…
Working on my salesperson license now and a private lender I know suggested I bring him deals and take a piece of the points. He funds, I find the borrower, walk the file, and get…
Three deals in and I've hit a wall on the REO side. Every bank-owned listing that hits the MLS in my two target zips is going to highest and best within about 72 hours, and the wi…
The park I'm working toward has 3 homes the current owner owns and rents out. I'd rather have those residents own their homes and just pay lot rent, which as far as I understand i…
Sponsor's investor page: 14 acquisitions, 4 realized, average IRR 24% on the realized ones. All four of those were acquired between 2014 and 2017 and sold before 2020. The other t…
I'm getting ready to list two parcels and the agent's marketing person sent over a menu. There's a one-time line called brand kit at $1,200 and then per-listing packages under it.…
Running a bid on a first lien and I can't make the math survive the calendar. UPB 180k, last payment 31 months ago, borrower still in the house and not responding to the current s…
Deal page lists the sponsor as "$400M+ transacted, 40+ projects" and that's it. Nothing about how many of those went full cycle, no realized returns, no mention of the ones that d…
Working through a term sheet a private lender sent me for a bridge-to-DSCR setup and I want to check my arithmetic against how people who actually hold these things think about it…
Reading the language on the exclusion and it says two of the last five years, which reads to me as cumulative rather than continuous. But every article I find writes it as "live t…
Four financed properties including the current primary. Gross income about $11,000 a month, ratio sitting around 44 percent by the way my lender counts it, which means the next ow…
I'm coming into this from a completely different career and I've hit a wall on the licensing side. Everything I read about non-performing notes talks about workouts and foreclosur…
I'm sitting for my licensing and trying to build a real startup number instead of a guess. So far I have the state title insurance producer license exam and fee, an underwriter ap…
One shop wants $2,000 a month flat and says ad spend is separate, I pay Google directly. The other wants 15% of ad spend with a $5,000 monthly minimum spend, and their proposal sa…
Trying to build the operating line of a model for two units and I keep guessing at the software and services layer. Specifically what people pay for a dynamic pricing tool, whethe…
Quote in front of me on a $480k cash-out refi of a rental held in an LLC. Broker fee 2 points, plus a $1,495 processing fee, and the lender's term sheet separately shows 1.5 origi…
36 acres, county ordinance exempts a division of four or fewer lots from the major subdivision requirements, meaning no engineered road to county standard, no stormwater plan, no…
Got a deal sheet from a wholesaler that says "sub2, assumable, 3.25%" on it. When I asked whether the loan was actually assumable he said sub2 and assumable are the same thing, yo…