I'm midway through licensing and I've been in a micro-wholesaler group chat for a while, mostly listening. Roughly 14 members, informal, deals get passed around with a one-page JV…
A private lender I know is selling a note on a house I did the kitchen and bath on a couple of years back. Owner-occupied, borrower has apparently paid every month since. He wants…
Looking at an LP position in a prime CBD asset and the debt is what I can't get comfortable with. Details as presented: $78m purchase, 91 percent leased, in-place NOI $5.65m, so a…
The duplex I'm looking at has a single water meter for both units, and the seller's statement shows water and sewer around $180 a month, paid by the owner. My agent said just add…
If I'm going to find houses for other people's money, I want to know what the overhead actually is before I quote anyone a fee. What I think I need: some kind of list pulling soft…
I've been sitting down with owners to figure out where a service business could actually be useful, and parking keeps producing the same complaint. One owner with two garages, bot…
Diligencing a first-time value-add multifamily fund. Terms are 2% on committed capital during a three-year investment period, stepping to 1.5% on invested capital after, 8% pref,…
Guy at a local meetup runs a sponsor group doing office-to-apartment conversions and offered me a $50k LP unit. 8 percent pref, 70/30 split after, three to five year hold, and he…
I've watched maybe ten videos on wholesaling now and every single one says you sell your "equitable interest" instead of the property. Nobody explains what that is. If I never tak…
I'm assembling a line-item budget before I make an offer on anything, and I want to pressure test it against people who've actually stood one of these up. Six rooms, existing sing…
Building out a list of who I'd need if I actually start buying, and I've got two names for what looks like one job. The title company has a closer who handles the settlement state…
I look at small rural markets, so the line in the new law about extra benefits for rural zones caught my eye. Someone at a local investor meetup told me the rural funds get a 30%…
I've been reading two sponsors' updates side by side while I work out what I'd be signing up to owe investors on a first deal. One sends about 300 words every month. Most months a…
I've been asking managers what they pay for software and getting numbers between $2 a unit and $12 a unit with no explanation of what's in either one. One of them told me the AI l…
One of our owners wants better marketing on a vacant 2 bed we're re-listing and the agent said get a virtual tour. So I asked two vendors. One quoted $145 for a virtual tour, one…
Commercial policies are what I deal with every day on my service business, so I didn't blink when the agent came back with a package policy on a fourplex I'm looking at. Then the…
Running numbers on a small pool of nine non-performing firsts, average UPB 118k, average as-is value about 141k, all in judicial states. Seller wants 62 percent of UPB. My model a…
Trying to get the refinance done on a single family I've been rehabbing. The lender ran it and told me the debt service coverage ratio is 1.08 and their minimum on this product is…
The offering document for a pref tranche I'm looking at says accredited investors only. Someone in another forum told me preferred equity is debt-like so it isn't really a securit…
Every institutional apartment piece I read says the same thing, which is that vacancy has peaked around 8.5% and values sit 20 to 30% under the 2022 high, so this is the moment fo…