someone asked, the room worked it out
A four bedroom house renting rooms at, say, $700 a room against a whole-house rent of $1,900 leaves a gap of about $900 a month. What is less obvious is what that gap costs in hou…
24 unit building under contract, needs about $1.8M of equity. I've talked to four capital providers now. Two want three comparable completed deals with audited statements. One off…
A renovation on a house listed just under $3M often comes with insurance requirements that look nothing like a typical job. Builder's risk at full replacement value, a vacancy end…
Consider a paper position on a rural parcel, roughly 240 acres, where the borrower has stopped responding. Knowing what's physically out there matters before any decision gets mad…
Take a caption on a rental listing that reads ideal for a young professional couple, walk to the brewery, drafted in an AI tool by a content contractor and published without revie…
Working through an underwriting problem on a 12-unit that a seller describes as 70 percent voucher occupied. Contract rents average 1,180, HAP portion averages 790 of that, so rou…
For someone whose strength is documents and structure rather than swinging a hammer, understanding the money before looking at a single house is the right order. What's the realis…
The finding I can't stop turning over: after the new rules, buyer-agent commission percentages on high-end homes drifted slightly lower while the more affordable end held or went…
Land banking gets used two different ways, and they describe different activities. One usage is what large homebuilders do: optioning lots from a third party who holds them so the…
Take a 1950s farmhouse on nine acres needing a full rehab: roof, panel upgrade, two bathrooms gutted, new well pump. Guidance on this tends to split. One position holds that an ow…
An agent running four or five deals a month offering $350 a file for contract to close work raises a fair question: is that the market rate, or a number set because the person on…
This is the question I would have kept to myself in a room full of people, so here it is. Everything I read about auctions says you buy as-is, sight unseen, no inspection. Fine. B…
Studying for my license now and most of the material is about representing buyers and sellers. Nothing in it touches REITs, which made me wonder whether buying them for my own acc…
Buyer representation forms across brokerages carry language that deserves a plain reading rather than the form's own phrasing. Three things worth stating plainly rather than in th…
For anyone pricing a voucher compliance service for small landlords, two questions tend to determine whether it is a real offering or a guess. On cost to participate: most public…
Getting my license and doing a lot of reading on the side, and BRRRR keeps coming up as the thing people do when they don't have much money. But every worked example I find starts…
Take a BRRRR deal worth modeling two ways. Purchase at 110,000, rehab at 50,000, 160,000 all in. ARV at 205,000, refinance at 75 percent gives 153,000 back, leaving 7,000 in the d…
Say a first purchase has narrowed to two single family houses, both around 1,100 square feet, both older, with Section 8 in mind for the payment reliability. Cosmetic items are ex…
Say a self-directed IRA is funding a single loan to an investor buying a rental, first position, around 60 percent of value. Licensing requirements for making a mortgage loan turn…
The reason absentee owners of rural land sell at steep discounts usually is not that they are bad at math. It is that the parcel produces a bill every year and nothing else: no re…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
