Under contract on a 12 bedroom licensed boarding house in an older inner ring suburb. Purchase 690k, seller carry of 480k at 7.25% interest only for 4 years, balloon. I've got 210…
I've been circling one property for four months and I finally have it under contract, so now I get to find out what I actually don't know. 52,000 square foot suburban office, thre…
I lend, I don't own, and this is the first time anyone has asked me for money that comes back the same day. Trying to understand it before I say yes. The deal as described to me:…
A younger cousin is about to start finding houses for a local flipper and sent me the agreement to look at, since reading paperwork is the thing I do. It's one page, which is the…
Studying for the producer exam and closing protection letters keep coming up in a way I don't fully follow. I understand the owner's policy insures the buyer's title. I understand…
I've been staging and prepping listings for five years, mostly median-price work, $2,800 to $4,500 a job, 30 to 45 days, turn it fast and move on. Two luxury agents in my market h…
An owner I've done work around asked if I want a small piece of a building instead of an invoice, and I don't know enough to say yes or no intelligently, so here are the numbers h…
Flip closes rehab in about ten days. 1960s three bed ranch, decent street, ARV I'm underwriting at $340k. My agent includes basic photos in her commission, twenty pictures from a…
Sitting on 78k in cash. About 55k of it is the down payment plus reserves for a small rental I expect to close on in roughly nine months, assuming the market I'm shopping cooperat…
The house is a 3/2 about 1,250 sq ft in a decent working neighborhood, I've owned it seven years, rents for $2,100 and it's my lowest-maintenance unit. My tenant of three years as…
I've been reading paper for months and this is the first live thing I've been shown, so treat me as someone who understands the words and not yet the consequences. Deal: ground-up…
Guy I've done two walkthroughs for wants to make it a standing JV. His pitch is that his buyers keep coming back with rehab numbers 20k over his and killing deals, and that a writ…
Bought a tired duplex two blocks off a strip with six bars and a music venue on it. The seller wanted out of everything at once so the package included the gravel lot next door, r…
Duplex rehab, my usual thing. 265k purchase, 85k of scope (roof, both kitchens, one full electrical rerun), ARV I'm underwriting at 430k and my agent thinks 440k on a good day. Si…
I've run property management on a 140-unit new build owned by a qualified opportunity fund for going on three years. That experience is the reason I'm having trouble writing a che…
Nine parcels, 4 to 38 acres, three rural counties, all bought to hold. Two are listed at any given time and the rest sit. In March I put a content person on a retainer. $1,800 a m…
I coordinate survey and plat work for people doing small splits, and I decided I should actually do one myself before I charge anyone for advice about it. 22 acres at $6,500, so $…
I'm not under contract yet, I'm doing the paperwork side first because that's how I do things. Reading two documents that don't agree. The property is a 4 bed 2 bath, and my plan…
I've been logging my time to the quarter hour since I picked up the second client, and the log is telling me something I don't want to hear. Client A: 90 LPs across two apartment…
I'm brand new to this, so please assume I know nothing. Someone at a meetup pitched me on a 3 bed house he'd sell me at 240,000 already set up for room rental. Furnished, tenants…