every post in the forum, newest first
For an investor whose interest is lending rather than owning, REITs come up as a way to get exposure to real estate credit without originating anything. The standard definition sa…
Vendor sold me what they called exclusive motivated seller leads, $200 each, minimum 20. Their pitch was that everything came from paid ads, so these were owners raising their han…
Trying to get straight what it actually costs to put money into one of these. One platform says $10 to start, another says $500, and the deal-by-deal ones I looked at said $25,000…
Here is a scenario worth working through for anyone looking at debt offerings on a crowdfunding portal. Take a first position mortgage offering. The minimum is $10,000, the rate i…
Six full-cycle exits, average 22 percent IRR, 1.9x average equity multiple, holds between 2.5 and 3.5 years. Every one of those exits happened while cap rates were compressing, an…
Closed a flip three weeks ago, $118k net after everything. My next acquisition is probably 8 to 14 months out because the wholesalers I use have gone quiet and I'm not paying reta…
A defensive-looking storage fund structure often reads like this: eight facilities, all stabilized, no development, no bridge debt, agency-style fixed paper at reasonable coverage…
Most hotel deals that reach an underwriter's desk are $8M and up with a brand and a management company attached, and the equity check runs $2.5M to $3M. That is out of reach for m…
I bid $164k to redo roofs, 26 guest bathrooms, and replace eight through-wall HVAC units at a small independent lodge near a state park. Seasonal place, exterior corridors, family…
Six months in, still no deal of my own, and the money has been sitting. An operator I've been following around (20 to 40 unit value-add, secondary markets, does three or four a ye…
Posting this because I looked for someone who'd actually had a loan accelerated and found mostly people saying it rarely happens. The deal: 1978 three bed, seller relocating for w…
Worth sorting through from the lending side, so point out where the math is off. A seller owes about 214k on a loan at 3.1%, and the house would list somewhere near 290k. He wants…
I have a script draft and I keep rewriting the same line. Option one, I say up front that I'm an investor, I buy at a discount, and I may resell or pass the contract to another bu…
Take a 2019 vintage, $60M value-add fund with 11 deals and a $150k limited partner commitment, final distribution landing at the 6.5 year mark. A realized deal-level gross multipl…
I've got a gain coming from a value-add sale and the ten-year hold is the part I can't get comfortable with, more than the zone maps or the reporting changes. The program pays you…
The numbers on this strategy work, which is sort of the problem. The return comes from a household that stopped being able to pay. The standard argument is that a modification can…
Here is a scenario the room can work through. A seller clearing out his positions offers two non performing second liens as a pair. Balances of 34k and 41k, both stopped paying in…
I found a listing for 5 acres priced at $500 down and $289 a month, no credit check. My first rental is coming up and I've spent weeks on tenant screening, so seeing a seller hand…
Sent 600 letters to absentee owners in one rural county about two hours from a mid-size city. Got back a call from a woman who inherited a parcel from an uncle in the 90s, has nev…
Say a note is written for 68k on a small parcel with 14k down, leaving a 54k note at 8% over 15 years with a balloon at year five. Most of what gets discussed about seller financi…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
