every post in the forum, newest first
A sponsor I've been tracking for eventual first-deal reasons let me listen to a recap call. Not participating, just muted and listening, because I'd asked enough questions that he…
I'm studying for the Part 107 while I finish my license paperwork, and I've been pricing drones. Every list I find stops at the aircraft, which reads like the smallest part of it.…
Take a small media and turnover operation that brings aerial work in-house instead of subcontracting it. Startup costs run about 6,800 for the aircraft, four batteries, filters an…
I do renovations, so when a small note came up on a 1960s three bed that needed a kitchen and a roof, I looked at it as a way into the house at a price no wholesaler would give me…
A case worth studying for anyone weighing a first LP position. A 96 unit garden style property in a midsize southeast market, with a limited partner coming in at $65,000. For an i…
Bought 22 acres from an absentee owner in a rolling farm county, $31,000, seller had inherited it from an uncle and the last person to set foot on it was apparently a guy with a t…
The interest rate line is the one that deserves the most thought in a land contract, and a sample making the rounds illustrates why. It carried 9.5 percent on a $22,000 balance ov…
Most writing on mid-term rentals spends four paragraphs on the rent premium and one sentence on marketing to the niche tenant base. That one sentence is doing all the work and alm…
I've been mostly a land and long-term rental guy, two rentals, so this was my one experiment with furnished. A 3/2 ranch about twenty minutes from a regional medical center, alrea…
Someone reached out about doing property data collection for hybrid reports. I go out, measure, photograph to a standard, upload it, and a licensed appraiser I never meet writes t…
This closed out last month so I can finally write it up. Early 2023 I put $50k into a single-asset deal, a 1970s eight story office building in a mid-size southeast downtown, goin…
Take a 300,000 gsf 1970s office tower being marketed for conversion, with a sponsor deck that reads roughly like this. Acquisition at $60 per gsf, so $18M. Hard costs at $230 per…
I've been working through the pre-licensing hours and doing some scouting on the side to have something going on. Found a duplex with a boarded window and a code violation posted,…
The basic model is easy to state. Find a house, tell an investor about it, they do the deal, the finder gets a fee. Where it gets harder is scale and whether a given market works…
Here is a question that trips up a lot of first time spec builders. An investor watching a handful of lots reads up on the owner-builder permit and understands it this way: if you…
Take a case with numbers, since the shape of the problem matters more than any single builder's story. House A: 2,100 sf, framed and dried in three weeks prior. Lot cost 95k, hard…
Nobody will give me a straight number on startup cost, and I've been at this half a year with nothing closed. The videos say almost nothing, which I don't believe, and then the sa…
A scenario for the room. Parcel is 9.6 acres, under contract at 61,000, penciled at 84,000 to a small builder who wants three lots out of it. Then the zoning table gets read prope…
Checkbook IRA structure, single member LLC owned by the IRA, me as non-compensated manager. Held two performing seconds and a small unleveraged participation in a rented duplex th…
A 96-unit value-add deal in a southeast secondary market, $150k in for 4.1% of the LP class. I did what I tell everyone to do and sent the PPM, the LP agreement and the subscripti…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
