every post in the forum, newest first
An Illinois real estate attorney will usually say it plainly, with no qualifications. Subject to is not a crime in this state. Investors who walk into that meeting genuinely unsur…
I've been watching my one STR in Dayton, Ohio and trying to figure out if what I'm seeing is specific to that unit or something broader. Occupancy last quarter came in at 54%, dow…
I'm sitting on a 240k purchase in central Illinois right now, 80 acres of cash-rented tillable ground. The flip I was counting on to carry me through spring went sideways because…
I had a funder send me a term sheet last week on a 187,000 A-B leg, and buried in paragraph 9 was language about a first-position lien on the property. The property I don't own ye…
That landed differently than I expected. I've been reading contracts trying to figure out how to hold a crew to a finish date, and he's already built the assumption of failure int…
Here is a loss pattern worth studying because nothing dishonest happens in it. Say a buyer picks up a six unit in Bakersfield in late 2022. The agent has done perhaps thirty trans…
Here is a question that lenders on small houses run into and rarely resolve. The typical chain is that a bird dog brings an address, a borrower buys it and the lender funds the no…
Been running my loops around the Riverside industrial corridor for about six weeks now. Logged 84 addresses in that stretch alone. Guy at a meetup Tuesday said I was wasting stamp…
Hyperscaler came in at month eight and bought the whole stack. Expected to sit until month 26. Ended up with a 22% IRR on a deal I'd penciled for 16.
The debt side of a QOF deserves more discussion than it gets, because it is genuinely unclear whether private lending into one is a normal thing or whether the structure makes it…
I have nine doors and every time I think I'm going to put something into a REIT position I end up pulling that cash for a scope change or a contractor who needs paying faster than…
Here is a loss worth studying because it is a common one. Say an investor picks up a 1940s bungalow in Decatur, IL for $87k in January. The foundation has some bow in the east wal…
Here is a case worth studying for anyone in a pref position on a value-add deal with bridge debt. Picture a pref investor 14 months into a 36-month hold on a 220-unit garden compl…
Take a 64 bed property, 2008 construction, about 12 miles outside a mid size state university in central Pennsylvania. Enrollment around 11,000, flat for six years. Ask is $4.2M,…
An agent who has sold in a market like the South Bay for six years and watched maybe 400 deals close, including perhaps 30 cosmetic flips, usually believes that means they underst…
Here is a scenario that comes up more often than it should in this asset class. Say a buyer closes a 28 site park outside Hocking Hills in September at 410k, and the dump station…
Running a small raise right now, so the capital question is real. If I sell the appointments at $300 each I clear $900 and stay liquid, but two of these sellers are in zip codes I…
Here is a live question the room can work through. Someone is choosing property management software before taking on units, and wants rent collection, maintenance requests and bas…
Cross-checking MLS license claims against the city portal is one of the cheapest pieces of diligence in this asset class, and almost nobody does it. Consider a sample of 35 licens…
Closed on a new build in Conroe six weeks ago, 334k, and the whole time we were under contract the listing agent kept telling us the structural warranty kicked in at close. Thirty…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
