every post in the forum, newest first
My aunt handed me her 11 units last month and the last bank reconciliation in the file is dated October of the year before last. She's stepping back, I'm running it now, so the me…
Few deals in and I've hit a wall with the agent I've been using. She's excellent in the county she lives in and completely lost twenty minutes north, where the inventory I actuall…
For someone expecting three or four purchases a year, the buyer side fee stops being a one time closing cost and starts looking like a recurring line item. At a 300k average price…
Take an 18-unit brick walk-up in a first ring suburb, listed around 1.42M, with 21 striped spaces in the rear lot and a lender who wants at least one space per unit for the loan t…
Take a mezzanine participation in a refinance of four flex industrial buildings in a secondary market, senior loan sized well below appraised value, with the mezz tranche taking a…
Before I fund anything connected to this, I want to understand the model. What I've read says virtual wholesaling needs no money because you assign the contract instead of buying…
Picture two mid-size metros roughly 900 and 1,400 miles from the investor, chosen because the buyer forums there look active and price points sit under $200k. Say the investor has…
Splitting a sponsor prospect list into first-time and established groups is a useful way to think about where IR support adds the most value. First-time sponsors typically have no…
Third split I've worked on and I still handle the sales the same way, which is to say I list them with a local agent and pay the commission out of each closing. On a nine lot proj…
Two stories a first-time seller of a small rental hears in the same week, and they don't line up. The meetup version is that since the commission settlement the seller doesn't pay…
A friend asked me to sit in on her listing appointments because she knows I've been poking around the service side of this business. Her house is a 1,600 square foot three bed in…
A useful scenario to work through: a seller call that turns into a wholesale deal at a size the operator has never done. Owner is 78, has held a 12 unit walkup since the eighties,…
I ask the questions I'd be embarrassed to ask out loud, so here's one. I have two contracts I can't move, small fees, maybe $12,000 combined if they close. An operator with someth…
A common pattern in pre-foreclosure outreach: the owner clearly does not know their servicer has a loss mitigation department. Take a case with roughly 11k of arrears against some…
Ran the numbers on a house I'd actually buy and the result has been sitting on my desk for a week. Small three bedroom in an older part of town, $315k, 5% down, payment with taxes…
I said duplex and rental income on the phone and got back a quote for a landlord policy, which confused me because I'm living in the other side. When I said that, the agent said w…
Take a junior participation draft where the standstill runs 120 days from the senior's default notice. During that window the junior can't accelerate, can't start any enforcement,…
I've done a few deals with my own cash and I'm now looking at a 140k rollover, and the first decision isn't which deal. It's what fraction of that account has any business being i…
Consider a bridge loan quote on a 22 unit, $3.1m loan against a $4.2m purchase. The lender's term sheet asks for a guarantor with net worth at or above the loan amount and liquidi…
Here is a scene worth describing, because it repeats at every local meetup and it is where a lot of people first hit the wall between residential and commercial. Someone reads onl…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
