every post in the forum, newest first
Take an investor who puts $6,200 into certificates across two counties and watches every one redeem inside eleven months. Interest comes in at the statutory rate for those states,…
One video said a wrap and subject-to are basically the same deal with different paperwork, and another said they're completely different and the difference is whether a new note g…
Sitting on 41 acres, split-zoned ag and rural residential, bought two years ago with the previous owner carrying 190k at 5.25%, seven year balloon, no prepayment penalty. I've got…
Right now I have two investors who each pay me $1,000 flat when they close on something I found. I don't contract anything, I don't talk price with owners, I hand over an address,…
Career change in progress, zero deals, and I sent my first real lead to an investor I met at a meetup. Small single family, garage door caved in, grass to my knee, notice taped to…
I was reading through a note form a friend used on a carry-back and the prepayment section was one line: borrower may prepay in whole or in part at any time without penalty. Which…
Consider two houses in a county of about 12,000 people, both listed in the low $90s. 2.5% on one of them is $2,375, while a strong agent working that area might carry a $6,000 min…
A useful scenario for anyone working non-performing notes: a note purchased with UPB $103,200 and arrears at purchase of $19,400, bought at $47k. An as-is value of $158k comes bac…
Working out what a first non-performing note would really cost me end to end. The note price I understand. Then someone told me I need a licensed servicer and can't take payments…
I've been pricing out what it would take to run payment collection for a small land portfolio, partly because I'm trying to work out where a service business fits around this nich…
In a subject-to purchase, the seller's equity typically gets paid in one of two shapes. The first is cash at closing. Say a seller owes 210k on a loan at 3.4%, the house is worth…
Consider a small turnover and light rehab shop that built real business over a couple of years by posting before and after content, then brought on part time help to keep the post…
Two columns side by side, and the second one keeps winning, which usually means it was built wrong. Column one, a duplex at $340,000. Gross rent $2,850 a month, so $34,200 a year.…
Compare the materials from two debt funds and the numbers don't line up on first read. One says minimum commitment $250,000, the other says $50,000, and a third product brokers me…
A woman down the road from my first rental is moving in with her daughter out of state. Her loan is at 3.5%, balance around $214k, payment $1,610 with taxes and insurance escrowed…
Before anyone goes looking at houses for a subject-to purchase it's worth knowing what the closing itself costs, because the courses talk about buying with no money down and never…
Here is a set of logs worth working through. Say someone with no deal of their own helps a wholesaler with dispo for free, to see the buyer side before ever signing a purchase con…
A structure that comes up often: two acquisition people who hate the selling half and would pay someone to handle it. The dispo person's side would be taking their signed contract…
Say you're getting a long held house ready to list and two staging proposals land on the table structured completely differently. First one: 1,100 design and install, 850 a month,…
Same sponsor, two offers, and I have to choose one. Single asset: 148 units, 1980s vintage, suburban, under contract, five year agency loan, I get the rent roll, the T12, the insp…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
