I've been keeping a spreadsheet since October on every deal a wholesaler has sent me, and I finally have enough rows to say something. 178 deals emailed to me. I underwrote 41 of…
I got one furnished lease from a chance conversation and I'm not going to get the next one that way. So I've been trying to work out where the hours go if you're deliberate about…
Before I put money into buying leads I modeled what the seller side actually costs in my metro. Paid search seller leads land around $34 delivered from the two vendors I got quote…
I pull municipal code enforcement dockets for six cities. Open cases, the citation type, the address, the responsible party, dates. Some of them post clean tables, two of them I g…
Reading through a small operator's setup, five furnished units in a metro with one large employer nearby. Four of the five units have been filled by placements from that one emplo…
I manage nothing yet. I've spent four months talking to owners of furnished units to work out what a service around this would actually charge and cost, and my model keeps collaps…
Under contract on a triplex at $412k, all three units leased, gross $3,450 a month. Nothing exciting, which is what I wanted. The agent who showed it to me is also the listing age…
First house, so bear with me. The agent who's been driving me around also listed a place I like, and she gave me a form saying she'd represent both of us and I had to sign to keep…
Closed last Friday on a dated 1990s lake property. Bought at 2.28M off a probate situation, put 520k into it, sold at 3.19M. Net after commissions, carry, and closing was a bit ov…
I have four small rentals and I'm tired of every dollar I save going into something that needs a roof. So I've got about 40k sitting in a Roth IRA in a money market fund earning v…
I've been building a watchlist and I put a few things on it that I now suspect aren't REITs at all. One is a homebuilder, one is a company that manages apartments for other owners…
Five years of service work means I'm in and out of small commercial buildings constantly and I hear things. Owner of a two building office and warehouse property told me last week…
Not a deal, so tell me if this doesn't count. I finished the piece of work I'd been putting off for a year, which was building an actual list instead of reacting to whatever a bro…
We manage 340 units across nine owners. Our management agreement was a form the previous owner of the company bought in 2016 and had never touched. Our lease was a state associati…
The attorney's website says $350 an hour, then further down it says "flat fee packages from $750," and when I called about a boundary question on a lot I'm looking at, the paraleg…
My preparer offered to take over the bookkeeping. $450 a month for the books, and he'd drop the return fee from $2,400 to $1,900 because he says he won't be spending January fixin…
Small loss but a clean one, so it's worth writing down. I had about 18k in a broad REIT fund, sitting there as the liquid part of my portfolio. The whole reason I chose a public R…
I'm not buying anything yet, I mostly look at the money side, but a friend is rehabbing a 1,600 square foot house and got a verbal from a contractor at "$85 a foot, all in." That'…
Both are public non-traded, both registered and audited, both quoting a distribution rate inside a quarter point of each other. One runs the portfolio at 34% loan to value, mostly…
I've been calling around asking agents what marketing work they outsource, because I'm trying to figure out whether there's a service here I could learn. Four of the six I talked…