one click, then see the split
I've been pricing my first deal from the outside for a while and I finally built the daily hold number instead of a lump sum contingency. Interest on hard money at a rate I'd have…
Closing the books on a quarter of sourcing spend can change the deal answer depending on where the cost gets loaded. Say a campaign runs 3,400 in data and postage over eight weeks…
Someone who already collects rent from tenants might assume that collecting a mortgage payment works the same way, and that self-servicing the first note is a reasonable way to le…
Vacant three bedroom I closed on last week, previous occupant left about half a house worth of stuff plus a shed. I got two numbers. The first is a real company. Certificate of in…
Two things on my desk this week and they point in opposite directions. Deal A. Single tenant pharmacy-format box, roughly 13,000 sf, investment grade parent on the guaranty, 15 ye…
Before I put time into this method I keep trying to price it honestly, and I come at it from the capital side. A pulled list of absentee owners with high equity in one zip runs me…
The wholesalers who keep calling me have me trying to figure out what they're actually doing, and my own work is on the rental side, so treat this as an outsider's question. What…
Two parks came across the same week from two brokers, twenty minutes apart in the same county. I'm nowhere near buying either, I'm trying to understand the spread. Park A, 52 lots…
I've got about $9,000 set aside and no shot at a conventional mortgage for another year or two, so I've been reading up on lease options instead of just refreshing listings. What…
Picture a co-host running nine short-term units for six owners, all listed on one platform only, everything held together with the app, a shared calendar, a cleaner group chat, an…
I sat in on a walkthrough of a 3.1M gut where the designer was on a percentage of construction cost and had sign-off authority over the GC's submittals. Two days later I read a sc…
Most mezzanine loan summaries list conversion to equity among the protections. If the sponsor stops paying, the mezz lender can take the sponsor's seat by stepping into the equity…
Take a finished spec, listed at 469, three weeks in with decent traffic and no offer. The builder's agent wants to advertise a permanent buydown, roughly 12k of points to the buye…
Two very different sub-to conversations are worth comparing side by side. Seller A is behind. Two payments missed, a notice from the servicer, a 3.6% loan, essentially no equity l…
I've got two things I could put the same money into and I've been stuck on this for three weeks. The first is four raw acres in a growing outer suburb, priced around 112k, that wo…
Mezz targets 10 to 15 percent. Common equity in the same deals is usually pitched at high teens and up. So the mezz lender gives up several hundred basis points of upside in excha…
Running a batch of notice-of-default leads in a single county to both a rent-based ceiling and a resale-based ceiling often produces a striking gap. At a conservative gross yield…
I've been building the cost side of this on a spreadsheet for a month and the number keeps growing, so I want to know which parts of it are real. What I have so far, annual, for s…
Small flippers tend to place the staging cost in different parts of their deal model, and the inconsistency matters more over many deals than on any single one. Some treat it as a…
A recurring disagreement in BRRRR strategy worth laying out plainly. The strict version holds that the refinance exists to pull the entire original investment back out so the same…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
