Costing out a first deal and I keep hitting a mismatch between the two headline figures everyone cites. The 2025 Real Estate Bees survey of over a thousand wholesalers put the nat…
Sold a small two bedroom house I'd owned outright. 62,000 note, 8%, twenty year amortization with a ten year balloon, payment worked out to about 519 and we rounded it to 520. Att…
Three bed ranch in a working class suburb, contract at 118,000, end buyer signed at 139,500. Spread 21,500 and I had it under contract for 21 days. End buyer was using a DSCR lend…
Reading county notices closely for a stretch before acting is a sound instinct. Auction guidance almost universally calls for cash or certified funds, sometimes same day, sometime…
Sitting on capital and trying to build a filter for which campuses are investable at all, before I look at a single building. I have enrollment history, admit rates and net tuitio…
Career changer, so treat my numbers as suspect and tell me where. A sponsor I've been tracking sent an LP deck on a 220 bed purpose-built property, four years old, walking distanc…
This file is worth walking through end to end, with the numbers, because it shows why the foreclosure case is what lets you bid. The file. A 2004 origination, note rate 5.25 perce…
Say a small amount of cash, land sale proceeds for example, sits uninvested while waiting on the next hold. Transactional funding is a common use for capital like this: putting up…
Here is a loss pattern that shows up in small tax certificate portfolios, and it is worth laying out with numbers. Picture 46 certificates across three counties at the peak, and t…
Say an investor has 60,000 that has been sitting in savings doing very little, and two months of looking has narrowed it to exactly two options. Both deserve someone hunting for t…
A gap funding structure worth working through. Purchase $620k, rehab $180k, so $800k all in. Senior hard money is 75 percent of total cost, $600k, funded in draws. The sponsor has…
The phrase "market the contract, not the property" shows up in every wholesaling compliance chapter and nobody defines it in a way that can be acted on. Say a house is under contr…
I've bought a few things passively and I'm looking at single family for the first time, which means wholesaler emails. Two of them showed me the assignment amount up front, one bu…
New certificate buyers tend to arrive with the statutory rate memorized and little else, which is a mistake, since the rate is the ceiling, not what anyone actually gets. Three nu…
My agency spent three months building out my renovation pipeline inside their own stack. Draw requests, lien waiver chasing, subcontractor check-ins, all of it running on their au…
A structure that looks clean on paper can still create a real problem at refinance: a money partner puts in 85k for a rehab, and to protect that position a second position mortgag…
A friend who does renovation work wants to do a version of this together, and most of my money sits in passive deals. He'd run the buy and the rehab, I'd fund the acquisition and…
I'm buying a small single-family rental, nothing complicated, seller is a retiring landlord and the contract is the standard state association form with two handwritten addenda ab…
A useful comparison for a first retail purchase is a small local strip against a distant single tenant box priced almost identically. Deal A: a three-bay strip twenty minutes from…
Trades background, so the only diligence I'm actually good at is looking at buildings. A manager raising a second fund of about $25M had 11 assets in the first fund and I asked fo…