I bid in two counties three weeks apart and came out with 63 certificates. Average face is about 1,840, total deployed 116k. Rates came in between 6 and 14 depending on the parcel…
Package came from an operator who's been flipping recreational parcels for about six years and wants capital back to buy more. Nine performing notes, total unpaid balance $191,700…
An operator I've been talking to sent me the template he uses for his owner-financed land sales so I could see how the deal works before I put money anywhere near it. I read docum…
I'm doing the analyst work on a $32M refinance for a small sponsor and the mezz piece is where I'm stuck. Senior is quoted at 58% of value, mezz takes it to 76%, coupon 12.75% wit…
I have 11 doors, buying 4 to 6 a year, mostly small multifamily off market. Two cash, the rest DSCR loans. Until last month I've done all the contract-to-close paperwork myself ou…
Text campaign turned up an owner of a small 4-unit in a market I've never been to. Two units occupied, two vacant, he says the vacants need paint and one needs a tub surround. He…
Different question from my other thread, more basic. Before I had any agreement with anybody, I'd been writing down addresses in a notebook for about a year and a half because fra…
A job payout cleared and 400k of it is sitting in a money market while I argue with my own spreadsheet. I want liquid real estate exposure instead of another ground-up project, so…
My first rental closes in about five weeks, a small three bedroom I found through an agent. Somewhere along the way I ended up on an email list, and now I get two or three message…
First rental, closing in three weeks, two bed one bath in a decent part of town. Asking $1,300. A woman who does listing content for a couple of local agents offered me a package…
I own eleven units, mostly small stuff, and over six years I've collected maybe forty local landlords who buy at the price points I do. I'm in group chats with a dozen of them. Th…
1958 ranch, 1,240 sq ft, three bed one and a half bath, bought at 152,000 as a keeper rental. Budget was 42,000. I'm at 61,000 with the kitchen not installed. Where it went: cast…
I'm papering the vendor side for a small group that's about to start taking REO clear-out orders. Two crews, they want to sign with a couple of servicers and a regional property m…
I do construction, mostly multifamily interiors, and a sponsor buying a 90-key limited service asked me to price the room renovation. Soft goods, casegoods, corridors, some bathro…
A developer I've worked with wants a bid on a 6,000 square foot two story commercial building he's converting to apartments, and he's told me the improvement spend has to clear a…
Moved an old employer plan into a Roth self-directed IRA in the spring. 214k sitting in cash at the custodian, earning almost nothing while I argue with myself. What's in front of…
I've done trade work for fifteen years and I'm buying a house to renovate and resell for the first time. Purchase 182k, renovation I've scoped at 58k doing most of the work myself…
I've been circling a small independent brokerage in a secondary market for about four months and the seller finally sent real numbers instead of a summary page. What I have: 12 li…
I hold land and wait, so office is off my map. This one landed anyway and I've spent three weeks on it instead of the pasture I was supposed to be looking at. The asset: 78,000 sq…
Three bed one and a half bath, 1,340 square feet, built 1962, sound roof and a furnace from 2019. Seller wants 148 and will take a two week close. Comps in the pocket are 232 to 2…