every post in the forum, newest first
My aunt passed in February and left me a duplex in Akron, 44303, and I am still trying to figure out the basics. Current rent is $675 and $700 per unit on month-to-month leases, b…
Rents are $875 and $850, so $1,725 a month gross. One tenant has been there since 2019, the other moved in eight months ago. The roof was replaced in 2021 according to the paperwo…
I've been staring at a 14-acre parcel in the Smokies, Sevier County, asking $380k, and the two paths I keep running the numbers on are a four-cabin short-term rental portfolio ver…
Here is a scenario worth working through for anyone taking on a first multifamily asset. A 24 unit garden style property in a metro Atlanta suburb, built 1987, with the parking lo…
Here is a question that comes up more than people admit. Take a fourplex in a market like Fresno, bought in 2019, refinanced once in 2021, and touched almost nothing since. It cas…
Acquisition was $187,000 in Albuquerque's South Valley, 3.5 down, FHA, closed in February. At the time Zillow and Rentometer were both showing comparable 3-beds renting between $1…
Found a 38,000 sf refrigerated shell in Stockton in Q1 2024, $58/sf all in after conversion costs, and the broker had been sitting on it since the original frozen foods tenant rel…
Did the gap on a straight 12-month note at 14 percent and the operator covered rent from month two. What's the fastest anyone here has seen a fresh RAL stabilize once the license…
Here is a fund pattern worth working through, because it catches a lot of first time LPs. Eighteen months in, an REO fund has deployed maybe 35 percent of committed capital. The t…
Found out when the seller texted me asking why two people were calling him about the same house. My partner's story was that my contract had expired, which it had by four days bec…
The buy side pencils cleaner on day one because the income is already there, 13,200 a month collected, and my lender will size against that. Build side I'm staring at 18 months of…
I have a former textile mill under LOI right now, 28,000 square feet, Greensboro NC. My hard cost number I feel okay about. What I cannot figure out is the carry. Permitting on ad…
Here is a case worth studying, because the surprise in it sits on the pricing side rather than the cost side. Six lot split on 4.2 acres in Hays County, Texas. Parcel acquired at…
Got a $310k bridge request on a duplex in Raleigh, borrower has been solid for two loans prior, 14 months combined with no issues. Sent my terms at 12.5 percent and he came back w…
I've got a six-unit building in Sacramento, two ground-floor bays zoned live-work, and I can't figure out if I'm pricing them like residential or retail. The current tenants are u…
Here is a case worth studying because it plays out in this niche more often than people admit. An operator with two furnished units furnishes a one bedroom in a market like Tempe,…
A framing worth sitting with. Most capital side models for tax lien pools assume deed conversion is a backstop, maybe 4 to 6 percent of certificates, with those parcels priced con…
Under contract on a duplex in Spokane, $187,000 purchase, and I have been so focused on the 12% hard money rate that I basically ignored everything stacked behind it. My lender sa…
Here is a case worth studying. A listing agent in a mid size Northeast city, median rent around $1,450 for a two bed, hears the same questions from landlords every winter, mostly…
Twelve years of appraising and I still can't settle this for myself. I've got a 3-bed in Maplewood I'm thinking about carrying, asking $279,000, and two interested buyers. One has…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
