someone asked, the room worked it out
A common frustration with Section 8 timing: a housing authority will not schedule an inspection until the unit is ready and the tenant has submitted the request for tenancy approv…
Take a 96 bed purpose-built property, 24 four-bed units, half a mile from a flagship university with roughly 34,000 enrollment that has grown about 1.5% a year for a decade. A sel…
A common situation: an investor pulling maybe 40 new seller leads a month across a few rural counties, mostly from mailers and a skip-traced list, gets quoted 4,500 to 6,000 dolla…
Take a 38-lot park underwritten at a 6.75 cap, city water and sewer, all but three homes tenant owned, asphalt in fair shape. On paper this is about as stable an income stream as…
I'm finishing my salesperson license and looking at a 12-unit at 1.05M as a first commercial-classified purchase, and my operating expense line is guesswork. Specifics I can't pin…
Take an 18 acre parcel under contract, with a due diligence extension paid at $8,000. A rezone request for attached product at roughly 6 units an acre gets denied 4 to 3 after a h…
The purchase side of a gut flip is the part most people work out first. Everything else is where the questions pile up. Reserves get mentioned constantly and the range people mean…
One channel says virtual wholesaling can start for nothing with a free county site and a cell phone. Then there is a program selling a $10,000 course that apparently includes the…
I'm getting licensed and working out what else I can be useful for, and this room keeps describing problems that sound like someone else's job. Out-of-state buyers can't inspect.…
Read something that said if you originate more than a couple of owner-financed loans you become a mortgage lender and need to be licensed, and that there are rules about balloon p…
Capital side, still deciding where to put money, and I'm trying to understand this method as something I might fund rather than do. A data vendor can hand me every property in a m…
Talking to an owner who wants someone to handle placements and turns for three furnished units aimed at corporate tenants. Before I say yes I want to understand exactly where I st…
Say an investor is weighing a private loan to a local flipper at 11 percent plus two points on a twelve month term, first position on a house that can be walked, against a mortgag…
I'm trying to work out where someone like me sells services into this rather than putting up capital. If an operation is bidding on a few hundred certificates a season, what parts…
Four deals in, and every agent I interview says they work with investors. Then I ask what cap rate the last small multifamily in the submarket traded at and I get a blank. I've st…
Trying to write down everything I'd pay between putting a lot under contract and pouring footings, and my list keeps growing. So far: plan set, boundary survey, topo, soils report…
Take a 250k purchase, 25 percent down at 62,500, closing costs and reserves around 9k. A buyer agreement at 2.5 percent is 6,250. If the listing side offers 2 percent, that leaves…
Say an investor has roughly $95k liquid and a hard money relationship that will fund 80 percent of purchase and 100 percent of rehab on a rehab file, closing in about 10 days. Com…
A seller I've been talking with is carrying a $180k note at 9% on a house he just sold. Someone in another conversation told him his yield might be 11%, or might be 6%, depending.…
48-lot park, city water on a single master meter, no submeters at the pads. The P&L the broker sent shows water/sewer expense of about $1,900 a month and a separate line called "w…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
