every post in the forum, newest first
Seller is current, two years left of living in it before she moves to be near her daughter, equity ask is around $22k. On paper this is the deal I have been studying for. The part…
Building a backyard cottage fails a common affordability test: it usually runs near $180k and demands patience for a permit queue that many buyers do not have. An alternative wort…
Referred a client in phoenix last march, deal closed at 281k, arv was estimated at 340, staging cost me 2,800 out of pocket and the seller walked with less than projected so they…
I keep circling back to this. Feels like the contractors and managers in a hot brrrr market are printing money while the operators are sweating appraisals and seasoning clocks. Cu…
I'm under contract on a sfr in memphis, $94k, closes april 3rd. Seller called my wholesaler (I'm buying from an assignor) yesterday and said she wants to sit across from whoever i…
There is a line some accountants use on LP clients, that what they really own is the paperwork rather than the real estate. It is meant as a criticism, and it is hard to disagree…
So that kills the plan where I move out in year two and rent both units. I bought this place in fresno in 2022 for $385k with exactly that exit in mind, primary for a couple years…
I've been tracking this since q1 2021, across fundrise, realtymogul, and two smaller platforms I won't name because they're both in workout right now. The spread between what I ex…
I just had a question about co-living versus house hacking and what the difference is. I understood Coliving is renting by the room his house hacking just the same thing but you’r…
Talked to the guy who owns the duplex I'm renting right now, just asked him casually how he thinks about the house he has two streets over, the one with five bedrooms he rents ind…
Bought 14 acres outside seguin, tx last april for $168k, engineered for seven lots off a county road, plat sailed through in about four months which I did not expect. The variance…
I keep seeing the worked examples and they all start somewhere around "I found a distressed property for 60k" and I'm sitting here in memphis proper where that number gets you som…
Running the numbers on a specific file right now. Memphis, 38114. arv sits at $187k, my remote contract is at $71k, assignment fee I'm trying to pull is $14k, so end buyer gets it…
Bought a fourplex in akron last year, carried the paper at 8% with a 7 year balloon, and I'm already wondering if I could sell this note to someone in year 2 or 3 if I needed the…
Consider a private REIT posting NAV updates quarterly that drifts down 2.1 percent over six quarters, no single bad quarter, just a slow grind. The sponsor calls it normal apprais…
Here is a live scenario worth working through, because it comes up more often than people expect. A buyer is under contract on a triplex in akron, ohio at $312,000 and set to clos…
Take an investor with 20k to place before the end of q3 and these two offerings in front of them. The equity note is on a 48-unit build in boise, 24 month projected hold, preferre…
So the story in this room is that you find unmaintained rural parcels, absentee owners, tax stress, and you can buy at 30 to 40 cents on the dollar all day. That held up in the co…
Here is a scenario worth working through. An LP in a 2021 multifamily syndication, 312 units in Phoenix, spots a line on the K-1 labeled as a content fee. It comes to $14,400 annu…
Bought at $278k in november 2022, desert ridge adjacent, 1,847 square feet, roof was shot, kitchen was 1994, one bathroom needed a full gut. Put $61k into it over 22 months, did a…
One for every strategy in the guide. Each has its own discussion, live deals, outcomes and polls.
