Buyer rep agreement wants 2.5% on deals I source myself
Agent I've been circling for six months finally sent the paperwork. Exclusive buyer representation, 12 months, county-wide, all residential 1-4 unit. Compensation is 2.5% of purch…
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live deals, numbers on the table
Agent I've been circling for six months finally sent the paperwork. Exclusive buyer representation, 12 months, county-wide, all residential 1-4 unit. Compensation is 2.5% of purch…
Borrower is doing a heavy rehab on a 12 unit in a secondary market. Purchase 640k, budget 210k, senior bridge loan 700k from a private lender, stabilized value the borrower puts a…
Duplex, both sides 2/1, bought it 26 months ago at 318k and put roughly 71k into it. New roof, both kitchens, one full electrical rework, exterior paint and a rebuilt rear stair.…
Sold a duplex last year and I've been sitting on the proceeds looking for the boring thing that holds up. Timberland keeps coming up because of the return profile everyone cites,…
I've been sitting on 6.1 acres at a highway interchange for nine years. Zoning already allows hospitality, which is why I bought it. A development arm of a hospitality fund came t…
Every couple weeks somebody on a job site sends me a picture of a house. Mail piled up, tarp on the roof that's been there two winters, grass to the window sill. They send it to m…
An owner with four by-room houses wants to move over to me, and my team mostly handles single family and small multi. 21 rooms total. My standard is 9% of collected rent plus a le…
Selling one of the small houses out of the portfolio, three bed, listing around 289k. Quote is 2,100 for the first eight weeks on a vacant stage, then 450 a month after, prorated…
Property A is a two bedroom condo in a beach market, about twenty five minutes from me. Last twelve months it did $41,200 in gross bookings, and $6,400 of that was cleaning fees t…
Six months in, no deals, working on that. I've narrowed to two candidate markets for a first nightly rental and they fail in opposite directions. Market A is a mountain town, real…
Bought six parcels in one county over eight months, all 20 to 40 acres, average basis around $2,050 an acre. Three sold inside 60 days at $3,400 an acre, which is what set my pric…
I'm three weeks from my license exam and two agents I know from a local investor meetup have both asked if I'd coordinate their closings. Neither of them has ever used a TC. They…
Numbers first. Six unit building, older brick, one market I know well. Gross scheduled rent 78k, actual collections last year 74.2k. Operating expenses ran 30.1k including taxes,…
I'm three months into standing up a dispo service and the only asset that matters is the buyer list, so that's where the money has gone. Where I am now: Pulled cash-recorded deeds…
I've been running the formula on everything in a 20 mile radius. ARV times 0.70, minus repairs, and that's the most I can pay. On a house listed at 189 where I think ARV is 250 an…
Numbers first, then the part I can't settle. Purchase 285,000, off market 3/2 in a first ring suburb that turns over fast. Rehab 95,000 from my GC, and I'm confident on maybe 80 o…
Under contract-ish on a 42-lot community in a secondary market, asking $1.15M. 33 homes are tenant-owned on lot rent of $325. Nine are park-owned and rent all-in at $725. Two vaca…
Looking at a diligence packet for a lien vehicle, around 60m deployed across four states. Their weighted average bid rate across the last full vintage is 12.4%. Net to LP on that…
Building a buyer list and running my own seller acquisition ads, so I'm the client and the agency at once. Over the last 90 days I ran a split on creative production, because two…
Broker sent me a 1998 vintage distribution building in a secondary southern market. 62,000 sf, 24 foot clear, 8 dock doors, 110 foot truck court, 4.1 acres so coverage is about 35…