All 132 real estate strategies.Every room answered.
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live deals, numbers on the table
I've been putting money into other people's deals for three years and I'm looking at buying something myself for the first time, mostly because I want the residential financing th…
Single note carved out of a five-loan tape. UPB $92,400, last payment October 2022, arrears with fees about $26k on top. Ask is $38k. Broker's BPO says $141k as-is, $163k repaired…
312 units, 2016 vintage garden, bought late 2021 at $228k a door. Floating rate bridge, cap bought at the time, cap expires in five months. My LP position is small, call it 4 perc…
County trustee sale Tuesday morning, single family, 1,450 sq ft, 1978 build, in a working suburb where the last four closed comps between 255k and 272k. I'm calling ARV 262k becau…
I'd like to do this in a way that doesn't blow up on me, and everything I read about gut rehabs sounds like drama by design. But I keep landing on the same problem when I look at…
Off market three bed, 1,900 square feet plus a detached garage, owner passed and the family walked away from the contents. Assignment price $146k, my after repair number is around…
I'm under contract on a bank-owned 3/2 at 179k, listed by a brokerage handling it for the servicer. Reading the preliminary title report twice, which is my habit, and I have two t…
I've read this commitment letter four times. The broker told me on the phone that I could refinance as soon as the property was leased and the work was signed off. The document sa…
I've been sitting in on inspections when friends buy houses because I find them interesting, and one of the inspectors let me buy him lunch and ask questions. I'm writing down wha…
I've been reading vendor proposals for six weeks and I want someone to poke at the arithmetic before I sign anything. Vendor A prices per delivered lead. $75 for what they call a…
Reading a participation offer on a mezz note and the gap is sitting right there in the reserve schedule. Shape of it: 24 MW powered shell under construction in a Sun Belt secondar…
I've been planning my first purchase for about two years and I'm now under contract on a 12-unit, 1978 brick, two-story walkup in a stable working class submarket. Rents average $…
I'm getting licensed and doing a lot of reading on the side, and hotels are the one property type where I can't follow the ownership picture. With an apartment building I understa…
I do HVAC and light electrical work, mostly for a handful of small landlords. One of them sold a house on owner financing three years ago and the buyer stopped paying nine months…
Trying to price out a start and the dispo model keeps coming up as the cheap entry because you're not buying anything and not paying for marketing to find sellers. My count so far…
I'm looking at LP paperwork for a 400-space garage in a mid-size downtown, roughly $18M total capitalization. I don't own anything yet and I'm mostly here for the documents, so tr…
Under contract inspection period on a 1974 ranch, 1,480 square feet, asking 389k. The detached garage was converted to a studio at some point with a kitchenette, a three-quarter b…
Four unit, bought at 415k, put 90k into it, all four units now leased at market. Two offers, both bank contingent, both wobbly on the appraisal because there is not much comparabl…
I pay 40 dollars a month for a tool that emails me new notice-of-default filings in four rural counties I grew up around. Last month it sent 11 names. Most are houses in the 70 to…
Two things on my list this week and they're the same equity check. Deal A. 176 units, 1985 vintage, garden style, in an inner-ring suburb of a midwest metro. $118k a door. Rents a…