I hold about 30 acres of raw ground at the edge of a metro that got hit hard by the delivery wave. Three projects within two miles of me are either paused or dead, and the pipelin…
A few deals in and I am hitting the ceiling on leads that come from people I already know. So the next question is who runs the paid side. The case for doing it myself: the budget…
Numbers first. 44 doors under management, mostly single family rentals and a few duplexes. Last spring I put an annual condition walk in front of every owner at $185 per unit, bil…
I've got a few rentals and I'm hitting a wall on down payments, so the ADU thing looks like a way to add a unit without buying more dirt. My own house has a detached two-car garag…
Bought a 1940s house last spring with a full basement, 7'9" ceilings, separate side entrance already there. The plan was a one bedroom basement ADU, rent it long term, keep living…
Working the numbers on whether "AI-augmented" is a real reprice or just vendor capture. A seat costs me $7.50 an hour fully loaded and bills at $14 for 160 hours, so about $1,040…
Ran an outbound VA program for eleven months and shut it down in the fall. Writing it up because the failure was structural and I didn't see it until month seven. Setup. Three VAs…
Helping on the paperwork side of a small flip and the general contractor's proposal asks for 40 percent at signing, 40 percent at what he calls substantial completion, 20 percent…
I own a service business and I'm about to try one of these on my own. There are two things nobody will give me a clear answer on. First, the house will sit empty while we paint an…
Story
A woman from my book club refinances houses for a living, and when I asked how the appraisal part actually works she told me to come watch one instead of reading about it. So I sa…
Reading this room for a few weeks and there are two clearly different practices in it and both are defended by people who've done more than I have. The first says: most certificat…
I'm still working out what the first deal costs me, and one of the line items I keep moving around is a part time VA. Budget is about $700 a month, so 15 hours a week at agency ra…
First property, a two bedroom condo in a 1980s complex, listed at $189k. I've been reading about notes and paper for a year and I still bought a condo, which is its own story. I d…
I've done land for years and I've always thought the luxury agents were selling wallpaper. This one changed my mind, so I'll write it up plainly for anyone new. The parcel: 38 acr…
Pulled two years of debt onto one sheet this weekend because I was tired of arguing about this from memory. Fourteen loans on flips and BRRRR refis, average size around $450k. Six…
$25k into a small hotel LP two years ago. 96 keys, limited service, sponsor with three prior properties. I did what I thought was careful diligence, which for me meant reading the…
I'm most of the way through the licensing process and I've realized I never decided what happens to the reverse wholesaling side afterward. The case for keeping it as an assignmen…
Six weeks in and I want to write down what happened while it's still clear. I'd built a list of 340 candidate properties in two zip codes, sourced from a mix of code violation pos…
I've now looked at four notes where the pay history is spotless for a year and a half and the reason it's spotless is a modification that cut the payment. The seller's tape calls…
Client bought a 1962 ranch out of an estate. Representative signed as-is with no seller disclosure form, her attorney said fiduciaries are exempt. Fine for that sale. Now I'm the…