someone asked, the room worked it out
I keep poking holes in strategies and this is the one that survives every objection I throw at it. Buy as an owner occupant, live there the required year, convert to rental, repea…
For anyone who watches debt more than equity, the valuation gap argument raises a fair question about whether it reaches the paper side. Mortgage REIT names that hold agency MBS a…
I read the ATTOM number about typical gross returns falling to around 25 percent, lowest since 2008, and my first reaction was that 25 percent sounds enormous. My savings account…
Take a deal that looks great on the yield line and worse the longer you sit with it. 34,000 sf, built 1978, 18 foot clear, one dock door and one drive-in, town of about 6,500 peop…
Once a stack of addresses has been collected from spotting distressed properties, the ownership lookup is usually the next bottleneck. Zillow's estimate pages don't show owner inf…
For anyone newer to the direct-to-seller side, the real monthly bill for a data platform with heavy stacking criteria and built-in skip tracing typically lands somewhere between $…
Looking at 38 acres about 25 minutes past the last subdivision on the highway. Ask is $4,100 an acre, so roughly $156k. The listing says it carries an agricultural valuation and t…
Take an 11 unit property bought with rents at 950 across the board, where market now supports 1,150 and 7 of the 11 have already been turned at that number, with four still on leg…
Consider a disposition arrangement where a signed contract on a distressed estate sits at $1.85m and the seller's counsel strikes the assignment language, countering with a double…
Consider being offered participation in a fund that does heavy rehab across a few markets. A sponsor's pitch that distressed inventory is growing and the deepest discounts sit on…
Rental ownership appeals to a lot of investors precisely because it keeps working without daily attention, which makes the numbers on cosmetic flips worth scrutinizing carefully,…
48-lot park, 44 occupied, and the offering memo says agency eligible in the first paragraph. Then in the rent roll, 9 of the occupied lots are park-owned homes rented as houses at…
That phrase, or a close variant, shows up on the large majority of agent profiles, and it is worth skepticism since investors are exactly who searches for it. The useful test is n…
I've done a handful of house deals and I'm looking sideways at land, and every listing description in this niche says recreational. Sometimes it's 40 acres of timber, sometimes it…
Take an agency-heavy mREIT with an asset yield around 5.9 percent and a cost of funds around 4.4 percent, a 1.5 percent net interest spread. With equity of 1 and borrowings of 7,…
The 70 percent rule is usually stated as pay no more than 70 percent of ARV minus repairs, but the ambiguity is in what the remaining 30 percent is meant to cover, and that ambigu…
The commonly cited figure for tenant turnover cost, cleaning included, runs around $1,750, and it is worth breaking into lines rather than carrying it as one lump for modeling pur…
Equity in rental property does count under the net worth test. The standard is net worth over $1 million excluding a primary residence, or income over $200k individually ($300k jo…
Bought at $210k, all in at about $298k including the renovation and carry. Full gut, new kitchen, new mechanicals, everything permitted. My agent wants to list at $315k. I want $3…
Consider negotiating an option on a $410,000 house with a 36-month term. One structure sets the strike at appraised value at the time of exercise, minus 3 percent. The other sets…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
