live deals, numbers on the table
A flipper I've worked with twice wants to bring his GC into the deal directly on the next three houses. Structure he's proposing is that I fund purchase and rehab, the GC takes a…
Sponsor I've co-invested with twice is recapitalizing a 190 unit garden complex and asked if I'd take the pref piece. My money is usually in land and long holds, so this is new te…
A JV structure for dispo splits comes up often enough to be worth examining closely. The typical setup: a wholesaler contracts the property, a dispo partner brings the buyer, and…
I have about 400k sitting in short term paper that I want moved into something secured by the end of the year. Tax liens keep coming back on my list because the return is set by s…
Consider a small multifamily owner with two buildings, 11 units total, where 8 units will turn over the next 14 months as leases roll. These are consistent turns: paint, LVP, one…
First property. Side by side duplex, 289,000, closing in three weeks. Unit A is vacant and freshly painted, unit B has a tenant who's been there nine years. Here's what I know abo…
Six months of no deals, but I've finally got a real decision instead of a spreadsheet. Roth self-directed IRA, 168k. A value-add fund I've been tracking is open for another five w…
This one started as a parcel I wanted to keep. 40 acres, mixed hardwood and about 11 acres of old pasture, two years of delinquent taxes at roughly 4,100 including interest, selle…
Take a house under contract with the seller at $96,000 on a 30-day close, with an end buyer lined up at $122,000 paying cash. The $26,000 spread in the middle is the classic case…
A recurring situation for a lead gen agency: an investor client is three weeks into a new account with leads coming in at a reasonable market cost, then calls annoyed that the lea…
I have a 4 bed 2 bath under contract in a older neighborhood about a mile from a community college. Closing in three weeks and I still haven't decided how to lease it. Whole house…
Take an appraisal that comes back at 2,850 an acre on a 420 acre pine tract, split as bare land 1,650 and standing timber 1,200. Say the cruise puts merchantable volume around 38…
A buyer representation agreement arriving right before a showing, with a request to sign before the buyer can see anything, is common practice with many agents now. Worth slowing…
A scenario worth working through. Take a rehabber who shoots every project for the record: framing, mechanicals, the ugly parts, then the finished rooms. Nothing fancy, a phone pl…
Reading through a deal package on a small multifamily syndication and there's a line I haven't seen broken out this way before. The sponsor charges a 2 percent acquisition fee, an…
Got a letter, then a call, then a draft option agreement, and I'm out of my depth on the parts that matter. 62 acres, flat, cleared, about a mile and a half from a high voltage tr…
First house I've gotten to the bid stage on after way too long looking. 1,450 square feet, 1978 build, three bed two bath, in a suburb where finished comps run $255k to $272k. Pur…
A useful scenario: underwriting a $4.5M gap on an office to residential conversion, with the sponsor offering two structures. A mezzanine position at 12.5 percent current, 1 point…
A live-in flip financed with seller carry can create a timing trap that is easy to miss on a first read of the note. Say the house is a 1,650 square foot two story in a first ring…
A group of four wholesalers in my county have been feeding each other leads for about a year. Three of them work day jobs. They contract maybe 2 to 4 houses a month between them a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
