it finished, here is how it went
Consider a bird dogging operation running leads for two investor clients buying small multifamily and tired single family in a metro area, paying a driver per delivered address wi…
Take a single family BRRRR: purchase 158k, rehab comes in at 41k against a 36k budget, closing and holding 11k, all in 210k. Appraised at 268k, a solid appraisal only 7k under est…
I back these because I know renovation work and I thought that gave me an edge reading the scope. It gave me an edge reading the scope. It gave me nothing on the capital stack, wh…
Before buying a rental, it is worth calling several management shops in each submarket under consideration and asking for a blank management agreement, a sample monthly owner stat…
Take a spec build with these numbers. Lot at 88k, infill, already platted. Build budget 388k for 2,350 square feet, four bed, a standard plan a local builder had run three times b…
Consider a 60 acre parcel, mixed timber and pasture, two miles off a state route in a slow rural county, originally bought with a bank ag loan around 218k at 4.45%, 20 year amorti…
Reverse wholesaling works best with paper first. Before looking at a single house, sit down with a buyer, say one who owns fourteen rentals in older working class blocks, and have…
For anyone looking at mortgage REITs for income rather than growth, a useful frame is to split an allocation across an agency name and a more diversified name, say $9,000 each on…
Deed state, live sale, single family house, 1,340 square feet, 1958, in a neighborhood where similar houses were closing in the $95,000 to $110,000 range. Opening bid was the tax…
Consider an operator looking for one boring rental who pays for access to a network's deal flow to shortcut the search, buying a six month buyer seat in a group of about a dozen s…
A private fund making short term bridge loans on 100 to 300 unit value-add apartment complexes is often pitched on the strength of its position: first lien, 65 to 70 percent loan…
Putting this up because I read a lot of conversion threads before I wrote the check and I didn't read enough of these. Two story masonry building from 1926, ground floor was a ban…
A common pattern worth watching for: signing with a VA agency at a modest hourly rate for 20 hours a week and prepaying a full quarter for a discount, locking in the rate before c…
Consider a bird dog operation built to serve two investors buying rural and small-town single family, 15 to 90k purchase range, sourcing leads from pre-foreclosure and tax-delinqu…
Here is a case worth studying in room rentals. A seller has a 5 bed 2 bath, about 2,300 square feet, ten minutes from a commuter rail stop in a mid size metro, listed at $287k. Th…
Consider buying a partial rather than a whole note, meaning the seller keeps the note and sells a defined slice of the payment stream, say the next 84 payments of $612, purchased…
A useful model shift for anyone selling motivated seller leads to investors: moving away from per-lead pricing toward billing only on confirmed appointments. Under a per-lead mode…
First rental, a $168k three bedroom in a modest inner-ring suburb. At the closing table the settlement statement had the lender's policy on it, which the bank required, and then a…
The paperwork I own as a passive investor isn't the same as an agent's. Subscription docs, entity formation confirmations, insurance certs, lender condition lists that the sponsor…
Here is a case worth studying, because it is an expensive lesson in what a rent roll actually is. Sixty lots on paper. The broker's package shows 54 occupied at $315, so about $20…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
